Elliott Wave Count key
Elliott wave theoretically compromises of group of waves; 5 impulsive waves in the direction of the trend, and 3 correction waves against the trend (a,b,c) or (w,x,y). Each wave can be split into parts, each of which is a very similar copy of the whole.
In order to read this hierarchy of waves in the chart you need to know the name of each grade of wave and how it is presented in the chart.
The below hierarchy key of Elliott wave is used to read Elliott wave live analysis. and awareness of this key is mandatory before entering any Elliott wave trade signals.
Elliott Wave Live hierarchy key
Grand super cycle Impulsive wave ((i)) ((ii)) ((iii)) ((iv)) ((v)).
Grand super cycle Correction wave ((a)) ((b)) ((c)) ((w)) ((x)) ((y)).
Super cycle Impulsive wave (i) (ii) (iii) (iv) (v).
Super cycle Correction wave (a) (b) (c) (w) (x) (y).
Cycle Impulsive wave i ii iii iv v .
Cycle Correction wave a b c w x y.
Primary Impulsive wave ((1)) ((2)) ((3)) ((4)) ((5)).
Primary Correction wave ((A)) ((B)) ((C)) ((W)) ((X)) ((Y)).
Intermediate Impulsive wave (1) (2) (3) (4) (5).
Intermediate Correction wave (A) (B) (C) (W) (X) (Y).
Minor Impulsive wave 1 2 3 4 5 .
Minor Correction wave A B C W X Y.
Minute Impulsive wave ((i)) ((ii)) ((iii)) ((iv)) ((v)) .
Minute Correction wave ((a)) ((b)) ((c)) ((w)) ((x)) ((y)).
Minuette Impulsive wave (i) (ii) (iii) (iv) (v).
Minuette Correction wave (a) (b) (c) (w) (x) (y).
SubMinuette Impulsive wave i ii iii iv v.
SubMinuette Correction wave a b c w x y.