Three Wave Correction Pattern
11/28/2014 6:00 am EST
Alex Wasilewski, of PureTick.com, shares a video in which he highlights a pattern that exists in markets that are generally moving in the same direction and this pattern is important, though not well-known, because when a slight correction occurs, it may offer buying opportunities.
In today's video, I will show you a pattern that tends to appear in markets that are trending for the day, moving in one direction for the majority of the time. As these markets continue moving in the same direction, at some point, they will make a slight correction before continuing on.
*Please note that this video was previously recorded and price levels referenced in the clip are for demonstration purposes only.
By Alex Wasilewski of PureTick.com