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Market Face,
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Market Face in Face,
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Impulsive Face and Corrective Face.
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Impulsive Face,
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Price Moves in one direction with high momentum.
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So in terms of speed,
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it is much faster
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and wider in terms of price range.
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Candlesticks are bigger
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and majority of them are of the same color.
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Corrective Face,
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Price Moves counter to the trend with low momentum.
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So in terms of speed,
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it is much slower than
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the Impulsive Face and shorter
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when it comes to price range.
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Candlesticks are smaller
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and mix of bullish and bearish candlesticks.
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In an uptrending market,
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our Impulsive Face is from higher low to higher high
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and our corrective face is from higher high to higher low.
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In a downtrending market,
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our Impulsive Face is from lower high to lower low
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and our corrective face is from lower low to lower high.
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Now there are two types of corrective face.
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Number one is the simple pullback.
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And the other one is the complex pullback.
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Alright, so this,
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this one is simple pullback.
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And this one is the complex pullback.
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Alright, so basically,
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a simple pullback is usually just one straight line.
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And then complex pullback,
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usually it is a three wave pullback.
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So this is the first wave,
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second wave, third wave.
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Now sometimes it also forms a continuation pattern
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like a wedge flag that we will discuss
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in price action patterns later.
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Alright, so just be aware
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that there are two types of pullback.
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The simple pullback and complex pullback.
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Alright, so Impulsive Face again,
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it has more momentum
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and in terms of speed,
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it is much faster.
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And as you can see,
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candlesticks are much bigger.
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Alright,
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and then pullback or corrective face
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and then Impulsive Face again,
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corrective face,
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Impulsive Face, okay.
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Now corrective face.
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So this is our Impulsive Face.
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And then corrective face.
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So this one is a simple pullback.
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So just one straight,
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one straight line.
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And again,
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corrective face has smaller candlesticks
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and majority of them are mix of bullish
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and bearish candlesticks.
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Alright, so after corrective face,
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we will now again enter into a into an Impulsive Face
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and then corrective face.
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So this is an example of complex pullback.
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So as you can see,
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simple pullback is just one straight line.
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Complex pullback has one to three
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or sometimes it will form a pattern like
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wedge flag
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or triangle.
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Alright,
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so again, after corrective face,
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we will now again move to Impulsive Face, okay.
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So in an uptrending market,
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this is our Impulsive Face.
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So from higher low to higher high.
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And then higher high to higher low,
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that's our corrective face.
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And then after Impulsive Face,
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after corrective face,
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Impulsive Face again from higher low to higher high.
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Alright, so after Impulsive Face,
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we will now again enter into a corrective face.
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In a downtrending market,
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our Impulsive Face is from lower low.
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I mean lower high to lower low.
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And then our corrective face is from lower low to lower high.
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After corrective face from lower high to lower low,
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we will now again enter into a into an Impulsive Face, okay.
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And then corrective face again,
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and then Impulsive Face again, okay.
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Let's have an example uptrending market,
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USDJPY daily timeframe.
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So from here, as you can see,
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price is making lower lows and lower high.
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So basically price is coming from a downtrending market.
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And then suddenly price moved to the upside,
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and then we'll see in the next broadcast.
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So this is a downtrending market.
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This is a downtrending market.
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So we'll now again enter into a brief broadcast.
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So basically price is coming from a downtrending market.
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So this is a downtrending market,
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so basically price is coming from a downtrending market.
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candelastik sa kandolatik.
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Okay.
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So, this is our impulsive face.
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Then after that price entered into corrective face
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and making this higher low.
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Alright.
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Now after this, after this corrective face,
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price move again very impulsively
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to the upside creating a new height.
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So, this one right here is a simple pullback.
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And then impulsive move to the upside creating a higher height
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and then pull back again corrective face creating a higher low.
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So, this one is a simple pullback.
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And then move again to the upside with momentum
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and then enter again into corrective face.
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Okay.
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So, simple pullback again.
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And then after making a higher low,
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price move to the upside with momentum.
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Alright.
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Okay.
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Another example, Euro USD 4 hour time frame.
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So, basically we are in an uptrending market.
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The price is moving to the upside from lower left to upper right.
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So, we will start right here.
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So, as you can see, we had this move to the upside very impulsive
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creating a new height.
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And then entered into corrective face.
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So, this one is simple pullback.
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Now after this pullback, price again move to the upside.
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Very aggressive creating a new height
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and then entered into corrective face.
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Now, this one right here is an example of complex pullback.
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Alright.
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So, this one formed the pen and or triangle
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that we will talk about in our price action pattern less often.
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Okay.
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So, after this corrective move,
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price move to the upside very aggressively
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creating a new height.
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And then entered again into corrective face.
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So, this one is a complex pullback.
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Okay.
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This one is complex pullback.
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Oops.
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Complex pullback.
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Alright.
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So, again, price move to the upside very impulsive.
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Then entered again into corrective face.
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Alright.
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So, this one is complex pullback.
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Okay.
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Let's have an example for down trending market.
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Gold daily time frame.
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So, from here we had this low, then this high.
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And then from this high price move to the downside with momentum.
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So, this one is our impulsive face.
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So, from this high to lower low.
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Now, at this point, we can assume
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that price will enter into corrective face
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to form a new lower height.
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Alright.
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So, it entered into corrective face,
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established a lower height.
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And then after that impulsive move again,
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creating a new low.
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Alright, breaking this previous lower low.
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And then entered again into corrective face.
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So, this one is simple pullback.
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And then complex pullback.
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Alright.
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So, after this price breaks again this pattern
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and then move to the downside aggressively.
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Creating a new low.
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And then corrective move again.
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So, simple pullback.
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And then impulsive move again.
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Alright.
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Another example,
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dollar index daily timeframe.
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So, coming from a downside move, very impulsive.
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And then entered into corrective move.
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So, complex pullback.
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Alright.
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And then, may the new low, very aggressive.
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And after that corrective move again,
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simple pullback.
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And then move again to the downside.
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Okay.
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Creating a new low.
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And then this one is a very long corrective move.
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Right.
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This complex pullback.
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But after this price moved again to the downside
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with momentum.
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Okay.
14683
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