A corrective wave refers to a temporary movement in the opposite direction of the main trend in a stock market or financial market. It is like a small detour or correction before the main trend resumes. Full definition
As has been stated before, corrective wave analysis can be very important when trading binary options. (7binaryoptions.com)
Let's take a look at this type of complex corrective wave more closely and see exactly how a double combination is used to determine where to make a trade. (7binaryoptions.com)
This linking corrective wave will actually appear to move toward the opposite sense when compared to the current correction; this simply means it will go the same way as a previous trend. (7binaryoptions.com)