The Glossary is in two sections. The first section is arranged alphabetically. The second section is arranged by chapter. Both sections include the same definitions.
ABC (simple) correction A frequent correction pattern of three swings where the third swing (Wave-C) exceeds the extreme of the first swing (Wave-A). Also called a zigzag. A three-swing correction may also be an irregular ABC where the Wave-C does not exceed the extreme of the Wave-A. The time and price targets to complete a three-section ABC correction are very predictive. The assumption is always that a correction will make at least three sections.
alternate price projection (APP) Compares the price range of swings in the same direction. The most frequently used percentage alternate price projections are 62 percent, 100 percent, and 162 percent. Sometimes called price extensions by other authors and in some software programs. The principle is that the price range of a section is often one of the key APP ratios of recent sections. An APP is made from three pivot points. The price range between two pivots is measured and projected from a third pivot.
alternate time projection (ATP) Compares the time range of swings in the same direction. The most frequently used percentage alternate time projections are 62 percent, 100 percent, and 162 percent. The principle is that the time range of a section is often one of the key ATP ratios of recent sections. An ATP is made from three pivot points. ...