| Impulse Wave Pattern | |
 In technical analysis, it is a term used in the Elliott Wave Theory to describe the strong move in a stock's price coinciding with the main direction of the underlying trend. These impulse waves are shown in the illustration below as wave 1, wave 3 and wave 5. Impulse waves also refer to the strong downward movements in a down trend.  |
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 The interesting thing about the Elliott Wave Theory is that it is not limited to a certain time period. This allows some waves to last for several hours, several years or even decades. Regardless of the time frame used, impulse waves always run in the same direction as the primary trend. |
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 Introduction to Technical Analysis - Here is an easy-to-understand tutorial on the various tools used in technical analysis, including moving averages, RSI, Bollinger bands, stock chart patterns, and much more. Price Patterns - Part 1 - To "find your game" in technical analysis, you need to be able to recognize reversals and continuations as they form. Continuation Patterns - Part 1 - Here we pay some attention to the triangle, usually one of the first chart patterns that a novice technician learns. The Art of Candlestick Charting - Part 1 - Discover the components and basic patterns of this ancient technical-analysis technique. Launching Elliott Wave into the 21st Century - In this advanced tutorial on Elliott Wave, you'll discover new developments that help you apply this difficult theory to trading. Look at how, rather than perfect wave counts, isolating the best parts of the theory and computer power can help reduce the guess-work associated with Elliott Wave. |
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