The Elliott Correction Wave (ABC) drawing object is used to mark corrective wave structures on the chart according to Elliott Wave analysis. It helps traders visually label a three-wave correction that may appear after an impulse price movement.
You can use Elliott Correction Wave (ABC) to:
• mark waves A, B, and C on the chart;
• analyze possible corrective price movements;
• separate correction phases from impulse movements;
• make Elliott Wave analysis clearer and easier to review.
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