Practical Application of Elliott Wave Principles by Deepak Kumar (2nd Edition) | 2018
Elliott Wave Cycle
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Image (1.
In image (1.2), | just broke down bigger waves into smaller/lower degree wave. Bigger wave
are marked with big characters 12345 and ABC where as lower degree inner waves are
marked as small characters (i, i, ii, iv and v) and (a, b and c).
Read this image carefully and try to identify how | represented waves 1, 3, 5, A and C as
impulsive (5 waves moves) and wave 2, 4 and B as corrective (3 waves move).
In the same way,
Completion of smaller set of 5 waves move is a completion of bigger Impulse followed by
the start of bigger correction. Let me explain the same graphically on image (1.3)