
hours, minutes).
This is the most basic concept in Elliot's theory; i.e., the largest wave structures are composed of smaller sub waves, and these in turn are composed of even smaller sub waves, and in principle this goes on to infinity.
Elliot gave a name to these wave structures calling them "wave degrees", depending on the time frame you are looking at. The range of these degrees goes from centuries to hours.
Elliot distinguished Nine Wave Degrees in his studies, they are known as:
- Grand Supercycle - Supercycle - Cycle - Primary - Intermediate - Minor - Minute - Minuette - Sub Minute
In principle these degrees can go to infinity and they clearly show you can choose the time frame you like better, according to your trading objectives, and the patterns you will see will be the same in any of these time frames.
About the author:
Adrian Pablo is a Forex freelance writer with articles published in a number of places. Get a free report on Fibonacci Trading and learn more about the world of trading , visit:
http://www.1-forex.com
Written By: Adrian Pablo

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