A Table of Degree Labels and Names

The table in Figure 5.7 shows how we label charts to show the fractal properties of waves. The corrective patterns that need a connector in more complex and time-consuming counter-trend moves will use ‘x’, ‘y’, and ‘z’. We have not covered these. You will not need to be concerned with these until the more advanced level. Since the labels D and E are only used in triangles they have been referenced as a note only. But when they are needed they must adhere to the correct degree notation as the ‘A’, ‘B’, and ‘C’ waves within their developing pattern.

FIGURE 5.7 Conventional Degree Notation

Source: Elliott Wave Principle: Key to Market Behavior by A.J. Frost and Robert R. Prechter, Jr., (c) Elliott Wave International, www.elliottwave.com