Elliott Wave Glossary Supercycle and Grand Supercycle
The practice of maintaining 2–3 alternative wave counts simultaneously, ranked by probability, and updating them as the market develops.
2026-05
Elliott Wave Glossary Elliott Wave Glossary Wave Balance Verification
Risk management principle: determine position size based on the distance to the stop-loss level, not on conviction about the wave count.
Elliott Wave Glossary Multi-Market Correlation Analysis
In Elliott Wave trading, the stop-loss is placed at the price level that would invalidate the current wave count — providing a logical and objective exit point.
Elliott Wave Glossary Application Limits of Elliott Wave for FX and Commodities
Optimal entry points in Elliott Wave trading: after a wave 2 or 4 correction completes, at the start of the next impulse. Confirmation improves timing and reduces risk.
Elliott Wave Glossary USD/JPY Elliott Wave Analysis
When the market's price action violates the primary wave count, revise the count by moving to the next most probable alternative. Count revision is not failure — it is essential discipline.
Elliott Wave Glossary NY Dow Long-Term Count
How to plan trading scenarios after the completion of wave (3) in an ongoing impulse. Projecting the (4) wave correction target and the (5) wave completion zone.
Elliott Wave Glossary Scenario Construction Procedure (Corrective Wave after Wave (1))
Elliott Wave Theory is an extension and refinement of Dow Theory. Dow Theory's primary trend, secondary reactions, and minor trends correspond to Elliott's degrees of waves.
Elliott Wave Glossary Scenario Construction Procedure (Corrective Wave after Wave (3))
Detailed scenario planning for wave (4) and wave (5) after wave (3) completes. Includes specific Fibonacci targets and entry/stop placement.
Elliott Wave Glossary Scenario Construction Procedure (After Wave (5) / Wave ① Completion)
A long economic cycle of approximately 50–60 years, identified by Russian economist Nikolai Kondratiev. Corresponds to the Supercycle degree in Elliott Wave Theory.
Elliott Wave Glossary Benner Cycle
A commodity price cycle identified by Samuel Benner in the 19th century. Shows recurring patterns of highs and lows at irregular but predictable intervals.