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For what time frames
does the Wave Principle work?
The Wave Principle may be applied in all time frames. Waves
come in degrees, the smaller being the building blocks for the larger. Waves
link together to form larger versions of themselves, and they also link
together to form the same patterns at the next larger size, and so on. The
figure above shows how waves may be subdivided to establish different degrees
of trend.
Some of the largest wave patterns span hundreds of years, while
some of the smallest span a few hours. Therefore, the Elliott Wave
Principle is useful for forecasting market movements in all time frames.
Next:
How can I apply the Wave Principle?
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