Niko

The term 'degree' refers to the size classification of a wave within the Elliott Wave hierarchy. Used in expressions like 'Primary-degree wave 3' or 'one degree higher.' Equivalent to 'wave hierarchy

'Previous' in Elliott Wave context means 'the immediately preceding wave.' Most commonly used in 'previous 4th wave' — the 4th sub-wave of the preceding actionary wave — which provides a price target