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1492 terms

Glossary

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.

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Impulse wave

Technical analysis

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.

In plain terms

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.

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Indian stock market glossary · Market Vidyalaya