FOREX THEORY
WAVES WITHIN A
WAVE
To make it easy to label these waves, the Elliott Wave
Theory has assigned a series of categories to the waves in order of the largest
to the smallest. They are:
-Grand Supercycle
-Supercycle
-Cycle
-Primary
-Intermediate
-Minor
-Minute
-Minuette
-Sub-Minuette
A Grand Supercycle is made up of Supercycle waves which
is made up of Cycle waves which is made up Primary waves, which is made up of
Intermediate waves which is made up of Minor waves which is made up of Minute
waves which is made up of Minuette waves which is made up of Sub-Minuette waves.
Did you get all that?
Okay, to make things much clearer, let’s see how an
Elliott Wave looks in real life.
As you can see, waves aren’t shaped perfectly in real
life. You’ll also learn it’s sometimes difficult to label waves. But the more
you stare at charts the better you’ll get.
Besides, we’re not going to let you go at it alone! In
the following sections, we’ll give you some tips on how to correctly and easily
identify waves as well as teach you how to trade using Elliott Waves.
Surf’s up!
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