jojofang0901

Impulse VS Correction - Price Action Analysis

Éducation
OANDA:GBPJPY   Livre sterling / Yen japonais
Hello everyone:

In this educational video, I will go over what an impulse and a correction is in the market.
I will point out how to distinguish them in different time frames, and give a few examples on them as well.

The market can only be in two phrases.
Either its in an impulsive phrase, or a corrective phrase.
It doesn't matter what market or the time frames you are looking at, there will always be impulses and corrections.

So, what is an impulse, and what is a correction?

Impulse - price is in the high momentum period, and it's moving very fast.
Correction - price is consolidating, and moving sideway, or slowing ascending/descending sideway price action.
Determine what is impulse, and what is correction will give you a better edge in the market. You don't want to get trapped in the consolidation within the corrections.

How can I utilize this to my analysis ?
Multi-time frame analysis:
From HTF, top down approach, Understand what HTF is doing and go down to LTF for confirmation and entries for the best R:R.

Thank you

I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.