May 2012
Beginner to intermediate
143 pages
3h 47m
English
book
Mastering Elliott Wave Principle: Elementary Concepts, Wave Patterns, and Practice Exercises
by Constance Brown
Content preview from Mastering Elliott Wave Principle: Elementary Concepts, Wave Patterns, and Practice Exercises
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A Table of Degree Labels and Names
The table in Figure 5.7 shows how we label charts to show the fractal properties of waves. The corrective patterns that need a connector in more complex and time-consuming counter-trend moves will use ‘x’, ‘y’, and ‘z’. We have not covered these. You will not need to be concerned with these until the more advanced level. Since the labels D and E are only used in triangles they have been referenced as a note only. But when they are needed they must adhere to the correct degree notation as the ‘A’, ‘B’, and ‘C’ waves within their developing pattern.
FIGURE 5.7 Conventional Degree Notation
Source: Elliott Wave Principle: Key to Market Behavior by A.J. Frost and Robert R. Prechter, Jr., (c) Elliott Wave International, ...
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