{"id":15889,"date":"2013-05-03T12:54:48","date_gmt":"2013-05-03T07:24:48","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=15889"},"modified":"2024-04-12T14:14:41","modified_gmt":"2024-04-12T08:44:41","slug":"basic-sequence","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/","title":{"rendered":"Basic Sequence"},"content":{"rendered":"<p><a class=\"vsc\" href=\"http:\/\/www.vskills.in\/certification\/Certified-Technical Analyst\"><span class=\"vsc-cn\" style=\"text-align: center;\"><span style=\"color: red;\">Certify and Increase Opportunity.<\/span><br \/>\n<span style=\"color: green;\">Be <\/span><br \/>\nGovt. Certified Technical Analyst<br \/>\n<\/span><\/a><\/p>\n<p>There are two types of waves:<\/p>\n<p>i) Impulse:\u00a0Impulse waves move in the direction of the larger degree wave. When the larger degree wave is up, advancing waves are impulsive and declining waves are corrective. When the larger degree wave is down, impulse waves are down and corrective waves are up. Impulse waves, also called motive waves, move with the bigger trend or larger degree wave.<\/p>\n<p>ii) Corrective: Corrective waves move against the larger degree wave.<\/p>\n<p><img decoding=\"async\" title=\"Elliott Wave Basics\" src=\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-01-spy5.png\" alt=\"Elliott Wave Basics\" \/><\/p>\n<p>The chart above shows a rising 5-wave sequence. The entire wave is up as it moves from the lower left to the upper right of the chart. Waves 1,3 and 5 are impulse waves because they move with the trend. Waves 2 and 4 are corrective waves because they move against this bigger trend. A basic impulse advance forms a 5-wave sequence.<\/p>\n<p><img decoding=\"async\" title=\"Elliott Wave Basics\" src=\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-02-ibm3.png\" alt=\"Elliott Wave Basics\" \/><\/p>\n<p>A basic corrective wave has three waves: a, b and c. The chart below shows an abc corrective sequence. Notice that waves a and c are impulse waves (green). This is because they are in the direction of the larger degree wave. This entire move is clearly down, which represents the larger degree wave. Waves a and c move with the larger degree wave and are therefore impulse waves. Wave b, on the other hand, moves against the larger degree wave and is a corrective wave (red).<\/p>\n<p><img decoding=\"async\" title=\"Elliott Wave Basics\" src=\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-03-up8.png\" alt=\"Elliott Wave Basics\" \/><\/p>\n<p>Combining a basic 5 wave impulse sequence with a basic 3 wave corrective sequence yields a complete Elliott Wave sequence, which is a total of 8 waves. According to Elliott, this complete sequence is divided into two distinct phases: the impulse phase and the corrective phase. The abc corrective phase represents a correction of the larger impulse phase.<\/p>\n<p><img decoding=\"async\" title=\"Elliott Wave Basics\" src=\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-04-down8.png\" alt=\"Elliott Wave Basics\" \/><\/p>\n<p>These 8-wave charts show two larger degree waves (I and II) as well as the lesser degree waves within these larger degree waves. Waves 1-2-3-4-5 are one lesser degree than Wave I. By extension, Wave I is one larger degree than Waves 1-2-3-4-5. Waves a-b-c are one lesser degree than Wave II.<\/p>\n<div class=\"apply\">\n<h3>Apply for Technical Analysis Certification Now!!<\/h3>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/Certified-Technical-Analyst\">http:\/\/www.vskills.in\/certification\/Certified-Technical-Analyst<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Certify and Increase Opportunity. Be Govt. Certified Technical Analyst There are two types of waves: i) Impulse:\u00a0Impulse waves move in the direction of the larger degree wave. When the larger degree wave is up, advancing waves are impulsive and declining waves are corrective. When the larger degree wave is down, impulse waves are down and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3314],"tags":[],"class_list":["post-15889","page","type-page","status-publish","hentry","category-technical-analyst"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Basic Sequence Tutorials<\/title>\n<meta name=\"description\" content=\"Basic Sequence Tutorials\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Basic Sequence Tutorials\" \/>\n<meta property=\"og:description\" content=\"Basic Sequence Tutorials\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:44:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-01-spy5.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/\",\"name\":\"Basic Sequence Tutorials\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-01-spy5.png\",\"datePublished\":\"2013-05-03T07:24:48+00:00\",\"dateModified\":\"2024-04-12T08:44:41+00:00\",\"description\":\"Basic Sequence Tutorials\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/#primaryimage\",\"url\":\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-01-spy5.png\",\"contentUrl\":\"http:\/\/d.stockcharts.com\/school\/data\/media\/chart_school\/market_analysis\/elliott_wave_theory\/ew_basics\/ewb-01-spy5.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/basic-sequence\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Basic Sequence\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - 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