02/04/2026
Impulse Wave explained ๐โก
This chart breaks down the core structure of an impulse move using Elliott Wave Theoryโa 5-wave trend pattern that drives the market. Waves 1, 3, and 5 move in the direction of the trend, while Waves 2 and 4 are corrective pullbacks.
Each wave follows specific rules and Fibonacci relationships, helping traders anticipate market behavior and identify high-probability setups. Wave 3 is typically the strongest, while Wave 5 often signals trend exhaustion.
Mastering this structure allows you to trade with the trend, time entries more accurately, and understand where the market is likely heading next.