Impulse (bull market): 5 ↑ 3 ↑ ↑ 4 ↑ ↓ ↓ 1↓ ↑ ↑2 Corrective (bear market): A ↓ B ↑ \ / \/ C ↓
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The Elliott Wave Principle is a popular technical analysis tool used to predict price movements in financial markets. Robert Prechter is a well-known expert on the subject and has written several books on Elliott Wave analysis. Impulse (bull market): 5 ↑ 3 ↑ ↑