Elliott Wave Nomenclature

Three Rules of Elliott Wave are:  1)  wave 2 never moves beyond the start of wave 1, 2)  wave 3 is never the shortest wave of a 5 wave impulse, 3)  wave 4 never closes in the price territory of wave 1.

Three Guidelines of Elliott Wave are:  1)  alternation:  wave 1 will often approximate wave 5 in an impulse move, 2)  equality:  if wave 2 moves sharply against the trend, wave 4 will usually make a sideways move and vice versa,  3)  correction bottom:  correction finds its lowest point in the area of the end of wave 4 of the preceding impulse wave of same degree and less often the lowest point in the area of end of wave 2.

Elliott Wave Nomenclature says that all pricing waves are categorized by degree. The degree of the elliott wave is determined by the size and time frame (weekly, daily, hourly) in which the wave occurs. Wave counting can go above Grand Supercycle and below Miniscule, but what is shown below should manage most cases.

Grand Supercycle – [I] [II] [III] [IV] [V] – [a] [b] [c] [w] [x] [y] [z]

Supercycle – (I) (II) (III) (IV) (V) – (a) (b) (c) (w) (x) (y) (z)

Cycle – I II III IV V – a b c w x y z

Primary – [1] [2] [3] [4] [5] – [A] [B] [C] [W] [X] [Y] [Z]

Intermediate – (1) (2) (3) (4) (5) – (A) (B) (C) (W) (X) (Y) (Z)

Minor – 1 2 3 4 5 – A B C W X Y Z

Minute – [i] [ii][iii] [iv] [v] – [a] [b] [c] [w] [x] [y] [z]

Minuette – (i) (ii) (iii) (iv) (v) – (a) (b) (c) (w) (x) (y) (z)

Subminuette – i ii iii iv v – a b c w x y z

Micro – [1] [2] [3] [4] [5] – [A] [B] [C] [W] [X] [Y] [Z]

Submicro – (1) (2) (3) (4) (5) – (A) (B) (C) (W) (X) (Y) (Z)

Miniscule – 1 2 3 4 5 – A B C W X Y Z