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.
Elliott Wave Glossary
Elliott Wave Glossary Elliott Wave Glossary Fibonacci Ratios: Wave 5 Extension
When wave 5 extends, it typically reaches 1.618× the distance from the start of wave 1 to the end of wave 3.
Elliott Wave Glossary Fibonacci Ratios: Wave 1 Extension
When wave 1 extends, the distance from the end of wave 2 to the end of wave 5 is typically 0.618× the length of wave 1.
Elliott Wave Glossary Depth of Corrective Wave (Previous Fourth Wave)
The 4th wave of an impulse tends to correct into the price range of the previous wave's 4th sub-wave. Retracement guidelines also apply to other corrective waves.
Elliott Wave Glossary Third of Third (3rd of 3rd Wave)
The 3rd sub-wave within wave 3 of an impulse. Tends to be the strongest and largest price movement — the most sought-after trading opportunity for Elliotticians.
Elliott Wave Glossary Failure (Truncation)
A phenomenon where wave 5 of an impulse fails to exceed the end of wave 3. Also called truncation. Usually occurs after an exceptionally strong wave 3.
Elliott Wave Glossary Extension in Corrective Waves
Extension-like phenomena also appear in corrective waves: triangles can develop 9 sub-waves, and double/triple zigzags extend the price correction.
Elliott Wave Glossary Wave Personality
Each wave (1–5 and A–E) has a characteristic personality rooted in crowd psychology. Most applicable at Primary degree and above.
Elliott Wave Glossary Counting Procedure
The step-by-step process for applying Elliott Wave analysis to a price chart. Start from the largest degree, identify clear turning points, then label waves top-down.
Elliott Wave Glossary Count Verification Method
A checklist for verifying whether a proposed Elliott Wave count is valid. Covers the three rules, key guidelines, and common errors.