I am starting a new thread for 2011 Q3 (Jul - Sep), including EUR, SP, Gold, and JPY. My wave counts of last quarter can be found from: http://www.elitetrader.com/vb/showthread.php?s=&threadid=218145 Elliott Wave reference can be found from: http://en.wikipedia.org/wiki/Elliott_wave_principle My labeling for wave degrees in different time frames: Monthly â [[]], [[[II]]], [[[III]]], [[[IV]]], [[[V]]], [[[A]]], [[]], [[[C]]] Monthly â [], [[II]], [[III]], [[IV]], [[V]], [[A]], [], [[C]] Weekly â , [II], [III], [IV], [V], [A], , [C] Weekly â I, II, III, IV, V, A, B, C Daily â 1, 2, 3, 4, 5, a, b, c Daily â _1, _2, _3, _4, _5, _a, _b, _c Hourly â __1, __2, __3, __4, __5, __a, __b, __c
good effort realy i thank you could you please just explain to me what did you mean by a , b , c , d in first chart ! as i know there is no D in Elliott Wave Principle Do you mean it is impuls ? thank you again
mouammr - Sorry for replying late. I have been busy and did not check this thread last few days. To answer your question, yes, the principle does have wave-d and wave-e. They occurs mostly in triangles, includuing Ending Diagonal (wave-5), Contracting Triangles (wave-4/2), and Expanding Triangles (wave-4/2). No they are not impulsive waves. For the Ending Diagonal (wave-5), the market is weakening so there is not enough power to form the 3rd implusive wave in each segment.