Impulse vs correction

Updated 2026-09-28 Читать по-русски

An impulse is five waves in the direction of the trend, a correction three against it. That is the main difference but not the only one: an impulse carries hard rules whose violation discards the markup, while corrections have fewer rules and more forms.

The impulse

Five legs numbered 1 to 5. Waves 1, 3 and 5 run with the trend; waves 2 and 4 are pullbacks against it.

The rules that must hold: wave 2 does not go beyond the start of wave 1, wave 4 does not enter wave 1's territory, and wave 3 must pass the end of wave 1. Markup breaking any one of them is discarded outright.

A separate variety is the diagonal, where waves 1 and 4 are allowed to overlap. It has its own rule in place of the suspended one, and its own write-up.

The correction

Three legs labelled A, B, C. There are several forms, distinguished by proportion:

Zigzag — the simplest three, where C travels noticeably further than A.

Flat — B returns almost to the start of A. It comes in running and expanded varieties, differing in how far B reaches and whether C exceeds the end of A.

Triangle — converging legs, each shorter than the last.

Combinations (WXY, WXYXZ) — several corrections in a row joined by connecting legs. This is the least determinate case: nothing says in advance how many corrections will end up joined together.

How to tell them apart

Not by appearance but by the proportions of the legs. A zigzag is recognised by C travelling further than A; a flat by B returning almost to the start of A; a triangle by its converging legs.

A useful marker is how far wave B reached. If it noticeably outgrew wave A, what you are looking at is probably not a correction of this degree but part of a larger move, and the count is worth checking one degree up.

Why this is not "bullish versus bearish"

An impulse is not the same as a rise. Five waves down is as much an impulse as five waves up; the trend simply points the other way. A correction in a downtrend runs upward.

The confusion comes from reading "impulse" as "a strong move up". In markup it is a term about structure, not about direction or strength.

What the distinction does not give you

Knowing that a correction is under way does not say when it will end or how. It says only how the stretch already travelled is built, and which forms the rules permit next.

Related questions

See it on a live chart

The same markup on a prepared example: the chart, the objects it found and what followed.

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