Blue arrows = impulses, voilation or retest of previous move's range.
Red arrow = corrections, priceaction within previous move's range.
Trend = at least two impulses of same direction with a correction between them.
Consolidation = at least two impulses of same direction with an impulse of opposite direction between them.
Price moves in trends. A trend remains active untill it shows the sign of reversal.
Sign of reversal = violation of the initial point of the last trend's impulse.
Red arrow = corrections, priceaction within previous move's range.
Trend = at least two impulses of same direction with a correction between them.
Consolidation = at least two impulses of same direction with an impulse of opposite direction between them.
Price moves in trends. A trend remains active untill it shows the sign of reversal.
Sign of reversal = violation of the initial point of the last trend's impulse.
