For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart:
The impulsive move
The corrective move.
Motive Cycle:
The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary;
It takes the form of 5+3 wave = 8 Wave patterns.
It has the three waves 1, 3, 5 moving...