During an uptrend, these impulsive waves push prices higher in a relatively short period.
However, notice how the second rally above is much smaller than the other two. You could even argue that the entire middle section of the chart was corrective.
But as is the case with most topics in the Forex market, it’s somewhat open to interpretation.
In summary, impulsive moves within a downtrend are comprised of mostly bearish candles. Alternatively,
impulsive bull moves, like the USDJPY chart above, are made up of mostly bullish candles.
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