DEGREES OF TRENDS -- GCN pt 23

Adequacy of a  correction !

Is not just about the depth of a correction

and the half-way points.

Just about  the vertical dimension !

But is also about the Horizontal !

In terms of work and intrinsic time.

In  terms of degrees and  "TYPE"

Remember==>

As to Trends they tend to coalesce  around  four primary types:

1)      The intraday                    

2)      The minor

3)      The intermediate

4)      The major

These are all built from the smallest waves of buying and selling.

Consider a trend of the largest scale contains within it all trends of a smaller scale.

Consider the relationships here !

They do not fit on top of each other but within each other

( Remember the question about why do we condense a chart by changing the reversal ? )

The blue lines marks the two lows of  a trend.

Which one ?

The same one ?

Can you see trends of a smaller scale within ?

No Elliot Wave here !

Waves run as long as they gather a following !

Not to any predestined formula.

Waves build up from the smallest to the largest.

Yet the larger also constrains and contains all within.

The TREND is the Line of LEAST RESISTANCE !

As a place to start consider that Three WAVES  ( or more ) make up a WAVE  at the next larger scale.

OK==>

Adequacy of a  correction !

Is not just about the depth of a correction

and the half-way points.

On the vertical dimension !

But is also about the Horizontal !

In terms of work and intrinsic time.

In terms of degrees of ""TYPE"

Study this Chart

Think in terms of BUYING AND SELLING WAVES

Building UP and DOWN

Relationships !

ALL RANGES contain TRENDS

And ALL TRENDS are WITHIN RANGES

.045 through to .04

ALL important lines of activity

There was significant expansion of activity today

With the line at .04 as the reference ==> Breaking down ? Or a Shakeout pattern forming ?

Probability I see at this moment is the later.

Effort and Result.

Motorway