Elliott Wave 4 Theory

Elliott Wave (4) usually unfolds as a complex correction

Elliott Wave (4) although being corrective, can be tricky to trade. Prices may meander sideways for an extended period, and Wave (4) typically retraces less than Wave (2) did. Volume is well below than that of wave (3). However, Wave (4) can still offer a buying opportunity if you understand the potential ahead for wave (5).

A such, Elliott Wave (4) is the correction before the final Wave (5) swing.