Replies to post #4364 on Triple 000 and Sub-penny Chart Plays

[trader53]

the "Elliott Wave" lives on!

the "Elliott Wave" lives on!
Markets Update
http://caldaro.wordpress.com/


Elliott Wave Basics
http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:elliott_wave_theory


A basic corrective wave
forms with three waves,
typically a, b and c.

The chart below shows an a,b,c corrective sequence.



Combining a basic 5 wave impulse sequence
with a basic 3 wave corrective sequence
yields a complete Elliott Wave sequence,
which is a total of 8 waves.

According to Elliott, this complete sequence
is divided into two distinct phases:

the impulse phase
the corrective phase.