USTC - Elliott Wave Basics From 0.0014, down to 0.0005, USTC has completed Waves A and B, and is now ready to enter Wave C http://stockcharts.com/c-sc/sc?s=USTC&p=D&yr=0&mn=3&dy=5&i=p39044712003&r=1405068406833 Elliott Wave Basics http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory#elliott_wave_basics These 8-wave charts show two larger degree waves (I and II) as well as the lesser degree waves within these larger degree waves. Waves 1-2-3-4-5 are one lesser degree than Wave I. By extension, Wave I is one larger degree than Waves 1-2-3-4-5. Waves a-b-c are one lesser degree than Wave II. http://stockcharts.com/school/data/media/chart_school/market_analysis/elliott_wave_theory/ew_basics/ewb-04-down8.png http://stockcharts.com/school/data/media/chart_school/market_analysis/elliott_wave_theory/ew_basics/ewb-06-thewdown.png From the 0.0042 High, down to the 0.0004 Low, USTC completes the 5-Wave Decline Sequence, setting-up Waves A and B http://stockcharts.com/c-sc/sc?s=USTC&p=D&yr=0&mn=3&dy=5&i=p39044712003&r=1405068406833