Wave Degrees describe the fractal scale of Elliott waves — from Grand Supercycle spanning decades down to Subminuette spanning minutes. A wave of one degree is built from waves of the next smaller degree.
How traders use it
- Larger degrees contain smaller ones (fractal structure).
- Match your analysis degree to your trading timeframe.
- Mislabelling degree is a common source of bad counts.
See it in dtcharts
Label waves and Fibonacci levels on live charts in the dtcharts terminal with the Elliott Wave and Fibonacci tools.