Jasjeet Kaur Quotes & Sayings

Motive Waves There are two types of Motive Waves: Impulse Waves and Diagonal Triangles. Impulse Waves The basic characteristics of Impulse Waves are as follows: 1. Wave 2 never retraces (corrects) more than 100% of Wave 1. 2. Most of the times Wave 3 is the longest wave in the 5 Wave series but is never the shortest. 3. Wave 4 never overlaps Wave 1. 4. Wave 2 and Wave 4 always alternate i.e., if Wave 2 is a zigzag, Wave 4 will be a complex correction and vice-versa. 5. Wave 4 retraces atleast until the end of fourth wave of lower degree. 6. Impulse waves occur within parallel trend channels i.e. when we connect the ends of wave 2 and 4, and draw a line parallel to it from the end of wave 3, Wave 5 can be expected to end at the upper trend line. 7. Impulse Wave formations during bull and bear markets are as shown in Figures below. — Jasjeet Kaur