Ralph Nelson Elliott acknowledged 9 degrees of waves from the Grand Super Cycle degree which is found in weekly and monthly time frame to the Sub-minute degree which is found in the hourly time frame. He labelled them as below mentioned.
1 Grand Super Cycle
2 Super Cycle
3 Cycle
4 Primary
5 Intermediate
6 Minor
7 Minute
8 Minuette
9 Sub-Minuette
It is a good understanding to start applying a wave count to a market from higher degree to all the way lower degree which you want to trade. you need to first learn about the labeling of wave degrees. Elliott Wave is a very helpful to understand the charts of any assets. the waves from the main degree are subdivided into intermediate waves which also subdivided into minor waves and the minor waves are also subdivided into minutes waves and then to sub-minutte waves, each degree of waves consists of one full cycle of motive and corrective waves. each degree of trend is labelled with a different style of label for a better understanding.
If you want to trade in 4H so then you will look for and count the monthly, weekly and the daily charts is will.
Hope you understand the concept of wave degrees.
1 Grand Super Cycle
2 Super Cycle
3 Cycle
4 Primary
5 Intermediate
6 Minor
7 Minute
8 Minuette
9 Sub-Minuette
It is a good understanding to start applying a wave count to a market from higher degree to all the way lower degree which you want to trade. you need to first learn about the labeling of wave degrees. Elliott Wave is a very helpful to understand the charts of any assets. the waves from the main degree are subdivided into intermediate waves which also subdivided into minor waves and the minor waves are also subdivided into minutes waves and then to sub-minutte waves, each degree of waves consists of one full cycle of motive and corrective waves. each degree of trend is labelled with a different style of label for a better understanding.
If you want to trade in 4H so then you will look for and count the monthly, weekly and the daily charts is will.
Hope you understand the concept of wave degrees.