#candlestick
🔥Candlestick Structures & Basics | Candlestick patterns, Trading charts, Candlesticks🔥
Elliott Wave Theory works by stating that the market can be in two broad phases - a bull market and a bear market.
Elliott also reports that all price movements in the market are broken down into:
-Five waves in the direction of the main trend
-Three waves in the opposite direction
At the same time, the waves are divided into:
-Impulse waves that create a directional trend (bullish or bearish) and lead the market into a significant movement
-Corrective waves (pullbacks), which are characterised by movement against the trend
