Wave 1: Basing move, price is moving higher even with bad news, seen as noise off the trend

Wave 2: Retraces most if not all (100%) of Wave 1. Many convinced the bear trend is back

Wave 3: Most Powerful wave and where you’ll learn to begin your count soon. Very strong.

Wave 4: Corrective Wave that will be different than Wave 2 and stall excitement of Wave 3.

Wave 5: Much less powerful than Wave 3, Technical Divergence is often seen here

Wave A: Key correction, will tip you on what type of correction to expect, can be 5 or 3 waves

Wave B: Known as the “Suckers rally”, fake return of prior trend which fails to Wave C

Wave C: The corrective sibling of Wave 3. Aggressive move down, often surpasses Wave A Low