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-----Original Question-----
To: Rinehart, Marc
Subject: Price movements Between Time Frame
Do you know or is it written some place how the Elliot wave movements between time frames interact? Does the lower time frame push the higher time frame? If the daily and weekly were in sink, both 4 waves, and the daily finishes its 4 wave while the weekly is still in the 4 wave, Elliot Trigger has not crossed. Will the Daily do ABC corrections until the weekly completes? How does this work? Thanks, RR
Answer: Let me highlight the key element of your question-- how do Elliott Wave counts relate from one time frame to another. When you compare wave counts from a higher to lower time frame, the interaction takes place because on a shorter time frame more data is created in smaller segments. Hence, the internal wave structure you cannot always clearly define on a higher time frame will be broken down better on the shorter time frame. Look at the chart below-- on the daily we might see something like a lower level i-ii-iii-iv-v wave count within a bigger Wave 3. When you re-issue that chart to a lower time frame-- say an hourly chart-- that wave count is often labeled a major 1-2-3-4-5 wave sequence. The shorter time frame is showing the internal wave structure of the higher time frame.
Now piece together your Type 1 and 2, continuation or swing trade setups, using cross-referenced Elliott wave count comparisons. Add the three AGET Oscillators, some Fibonacci, XTL, Stochastics, Ellipse and MOB, so on and so forth, and then you have a better defined trading setup.
To: Rinehart, Marc
Subject: Price movements Between Time Frame
Do you know or is it written some place how the Elliot wave movements between time frames interact? Does the lower time frame push the higher time frame? If the daily and weekly were in sink, both 4 waves, and the daily finishes its 4 wave while the weekly is still in the 4 wave, Elliot Trigger has not crossed. Will the Daily do ABC corrections until the weekly completes? How does this work? Thanks, RR
Answer: Let me highlight the key element of your question-- how do Elliott Wave counts relate from one time frame to another. When you compare wave counts from a higher to lower time frame, the interaction takes place because on a shorter time frame more data is created in smaller segments. Hence, the internal wave structure you cannot always clearly define on a higher time frame will be broken down better on the shorter time frame. Look at the chart below-- on the daily we might see something like a lower level i-ii-iii-iv-v wave count within a bigger Wave 3. When you re-issue that chart to a lower time frame-- say an hourly chart-- that wave count is often labeled a major 1-2-3-4-5 wave sequence. The shorter time frame is showing the internal wave structure of the higher time frame.
Now piece together your Type 1 and 2, continuation or swing trade setups, using cross-referenced Elliott wave count comparisons. Add the three AGET Oscillators, some Fibonacci, XTL, Stochastics, Ellipse and MOB, so on and so forth, and then you have a better defined trading setup.