FAQ-9

Wave Analysis works on every single time frame! You can count waves on monthly, weekly, daily, hourly charts. But you can also apply Harmonic Elliott Wave counts to 1 minute chart or even to data-based charts. Tick volume and range bar charts are examples of data-based chart intervals. These charts print a bar at the close of a specified data interval, regardless of how much time has passed: – Tick charts display a specified number of transactions; – Volume charts indicate when a certain number of shares or contracts have traded; – Range bar charts separate candles or bars when a pre-determined amount of price movement has occurred. The choice of a time frame purely depends on your trading style. If you are a micro scalper you may trade 5 min chart as the main time frame but you should be using 1 min chart for entries. It is advisable to always check at least two higher time frames in order to check the true direction of the trend. You can go higher to hourly chart and two- or four- hour charts. For example, if you prefer to trade in the direction of the trend, you first check hourly chart for an unfolding Five Wave fractal. Then you go to a lower time frame, let’s say 15 min chart. And when you are ready to execute a trade you may go even lower to 5 min chart to micro count a completion of a wave you track on 15 min chart. If you are a long-term investor you may watch weekly charts for patterns, then keep tracking them on daily and execute on hourly.