Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
A framework claiming markets move in five waves with the trend and three against, repeating at every scale.
The observations underneath are sound; the counting is not testable. The rules allow enough extensions and truncations that two competent analysts routinely produce opposite counts on the same chart.
In Elliott Wave, the three-wave A-B-C sequence that runs against the prevailing trend.
The genuinely useful half of the distinction: corrections overlap, chop and consume time, while impulses are clean and one-sided.
In Elliott Wave, a five-wave move in the direction of the larger trend, each wave subdividing into the same structure at a smaller scale.
The observation underneath is sound — trends do advance in bursts separated by corrections, with the middle push usually strongest. The numbering adds a precision that is not there.