To Best to be True

[Mahardika Wekwek]

Until now, we have defined two kinds of waves, motive and corrective. In this article, we will introduce the concept of “degree,” which will help us in the process of waves identification.

The concept of degree

Elliott defined a series of “degrees” to maintain a hierarchical waves order. This order is based mainly on the relationship that the wave develops over time. In other words, while higher is the time elapsed in the wave formation, greater will be the wave degree.

The term “degree” must be considered in relative terms about the price and time relationship. It should not be considered strictly according to the duration, for example, a day, a week, or a month.

The blue box shows a bullish impulsive wave developed over126 days which attained a 25.95% advance. This wave started from the low of December 26, 2018, when the price found support at 2,346.6 pts and ended on May 1, 2019, when it hit the top at 2,954.4 pts. If we remember the basic structure of a wave, we can see that the upward movement was developed in five waves.

In the red box, we observe a corrective wave sequence disclosed in three waves. This retracement began on May 1 and ended on June 3, 2019, when SPX plunged to 2,728.8 pts. The bearish move unfolded over 33 days and eased 7.67%.

Best FX Trading site you can learn for free https://muckrack.com/bjorn-mandalika/bio https://qiita.com/Mira-FX https://www.intensedebate.com/people/Axiaori https://doodleordie.com/profile/mirafx https://www.deviantart.com/users/outgoing?https://mira-fx.com https://anotepad.com/notes/ncr4w5e3 https://www.turnkeylinux.org/user/1717069 https://www.folkd.com/user/Team_FX https://www.producthunt.com/@mira_fx https://www.netvibes.com/adurizteriga#Mira_FX https://dev.to/codeflare/codeflare-48c https://support.themecatcher.net/forums/users/mira-fx https://www.mycustomer.com/profile/mira-fx https://cplusplus.com/user/Bangellu/ https://cycling74.com/author/618987f23cbf2d1585a07deb https://www.longisland.com/profile/Meriaten http://www.nfomedia.com/profile?uid=rKdXbiD https://www.intensedebate.com/people/Axiaori https://mxsponsor.com/riders/mira-fx https://www.gamesfort.net/profile/56631/AriansWeri.html http://www.heromachine.com/forums/users/codeflare https://myopportunity.com/profile/mira-alia/nw https://www.anibookmark.com/user/mirafx.html https://ello.co/mirafx https://ello.co/mirafx/post/tmh6youckc6qcmyt7zh3iw https://list.ly/Mira-FX/lists https://list.ly/list/70fG-mira-fx https://seoraporu.co/en/www/mira-fx.com https://startupmatcher.com/p/miramirafx http://scguild.com/Resume/scg_profile.php?id=17626 https://teacher.desmos.com/collection/61ceaaa8edabca0a7ab20fcd?lang=id https://tech.io/users/4805926 https://urlscan.io/result/3413e1eb-eae5-4611-9776-10c452e2b34c/ https://500px.com/p/lengtmpvgwyd?view=groups https://500px.com/photo/1045888048/NZDJPY-Pairs-2-by-Toreto-Yayan/ https://linklist.bio/Mirafx https://www.threadsmagazine.com/profile/MiraTrading https://artmight.com/user/profile/443638 https://letterboxd.com/miratrading/ https://www.openlearning.com/u/miratrading-r978rp/ https://godotengine.org/qa/user/miratrading https://forums.bestbuy.com/t5/user/viewprofilepage/user-id/2624941 https://fliphtml5.com/homepage/xnsqr https://www.youmagine.com/miratrading/designs https://heylink.me/mirafx/ https://linkfly.to/Mirafx https://cycling74.com/author/618987f23cbf2d1585a07deb https://do-it-mobile.com/user.php?login=miratrading https://do-it-mobile.com/story.php?title=forex-broker-news-press-re... https://do-it-mobile.com/story.php?title=forex-no-deposit-bonus-fro... https://community.aam-us.org/network/members/profile?UserKey=31e546... https://forums.pluginguru.com/profile/miratrading/ https://www.brownbook.net/user-profile/4823533 https://www.addwish.com/KHyg0 https://www.freewebmarks.com/story/forex-broker-news-press-release-... https://www.freewebmarks.com/story/gann-grid-pyramid-trading-method... https://www.freewebmarks.com/story/hedging-strategy-mira-fx http://financial-hub.net/story.php?title=forex-broker-news-press-re... http://financial-hub.net/story.php?title=forex-school-online-%7C-le... https://readymag.com/u1110892572/3518601/ http://m.ok.ru/dk?st.cmd=outLinkWarning&st.rfn=https%3A%2F%2Fmi... https://dzone.com/users/4707226/miratrading.html https://sur.ly/i/mira-fx.com https://www.minds.com/newsfeed/1353669563509641218 https://findnerd.com/profile/publicprofile/MiraTrading/69384 https://community.ibm.com/community/user/watsonstudio/network/membe... https://t.me/iv?url=https%3A%2F%2Fmira-fx.com http://m.odnoklassniki.ru/dk?st.cmd=outLinkWarning&st.rfn=https... http://www.adminer.org/redirect/?url=https%3A%2F%2Fmira-fx.com%2F&a... http://m.ok.ru/dk?st.cmd=outLinkWarning&st.rfn=https%3A%2F%2Fmi... the two https://www.weddingbee.com/members/fxteam/