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Wednesday, July 13, 2011

completing the last leg of the triangle

First of all, bear with me as I try to standardize my label notation.  See the bottom of the page for the notations  I will attempt to use on charts going forward.

In my prior post, I was under the assumption that (a) was incomplete and needed one more low.  After closer inspection, I now think that (a) was completed, and the overnight move was actually the (b) move.  This means the final (c) to complete the last leg of the triangle should be underway.  We should be revisiting and likely exceeding the 6/24 lows.

Posted by Waverunner (FractalTrader) at 12:21 PM

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))