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Free Elliott Wave Strategies

How to count waves and the Elliott waves

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Higher Degree Elliott Wave Count


One can begin counting Elliott waves on any time frame. One can count waves 
on the two-minute, 5M, hourly, daily, weekly or yearly charts. However, to 
validate Elliott waves count, one must also use the higher degree waves count. 
The higher degree waves count helps to spot the long term trend (motive wave) 
and cycle. It also helps to identify common Elliott wave count errors, and rectify 
them. In effect, the lower degree wave count is subsequently linked to the first, 
second or third higher degree wave count and more.

For example, the hourly wave count is subsequently linked to the daily chart wave 

count which is also linked to monthly chart. Furthermore, the monthly chart Elliott 

wave count is also dependent on the yearly chart Elliott wave count.
Consequently, one must validate the hourly wave count on the daily, then validate 

the daily chart wave count on the monthly chart and monthly chart wave count on 

the yearly chart.
The minimum Elliott wave count validation should take into consideration the first 

higher degree wave count.
The minimum hourly chart wave count validation will take into consideration the 

daily chart waves count. If one is counting waves on the daily chart, one must use 

the monthly chart Elliott wave validation.

The Elliott wave count is dynamic. It is also positively correlated to the higher degree 

waves count. A day trader that is counting waves on the five-minute chart, will use 

the 2H chart as the first higher degree time frame to validate the 5M chart waves 

count. The next higher degree time frame for the 2h chart is the 2 day chart.

Similarly, an Elliott trader that is counting waves on the 2h or 4h chart will use the 

weekly chart as the first higher degree Elliott wave time frame. One will check the 

quarterly chart to validate the weekly chart Elliott wave analysis.

Understand that there is a wider Elliott wave cycle that is under-way. Indeed, that wider 

Elliott wave cycle subdivides into mini Elliott wave cycles on various lower time frames. 

In reality, the higher degree Elliott wave cycle is gradually expanding from one lower 

time frame to the next until it becomes wider on the higher degree. For example, one 

may see first the completion of an Elliott wave cycle on the 3M chart, then another cycle 

on the hourly chart, daily, monthly and finally the bigger cycle is completed on the yearly 

chart.

For an Elliott wave analyst, it is crucial to understand or spot the correlation between a 

specific Elliott wave count, and the next higher degree Elliott wave count.

Quite often, an Elliott trader will misinterpret a price structure on one time frame just 

because he or she has failed to connect that time frame to the corresponding higher time 

frame.


In fact it is impossible to apply the Elliott wave theory by adopting a single viewpoint. 

 The best approach is always the one that takes into consideration multiple viewpoints 

or higher degree Elliott wave count.

One ought also to understand that the Elliott wave patterns are predictive fractal patterns. 

For example the structure of a motive wave on the five minute chart can duplicate itself 

on a higher degree time frame. The inverse is also true when a specific Elliott wave 

structure on the higher degree Elliott wave count time frame duplicates itself on the lower 

degree time frames.

In fact, there is no valid Elliott wave count on its own. The higher degree waves count 

helps to validate the lower degree waves count and vice versa.

To find the exact higher degree time frame for a lower time frame one must use the ratio 

one to twenty-two.
For example, to get the correct higher degree Elliott wave time frame for the five minute 

chart, one will multiply five by 22.
Therefore, it is 110 minute chart the exact higher degree time frame. However, instead of 

the 110 minute chart, one can use 2H or 120M chart for a more practical approach. For the 

same reasons, one will use the yearly chart for the monthly chart Elliott wave validation 

instead of 22 months.

Higher Degree Waves Count Test

1/ What is a higher degree Elliott wave count?
2/ Why one should use a higher degree Elliott wave count strategy to validate Elliott 

wave count?
3/ Practically speaking what is the first higher degree time frame for the daily chart?
4/ Practically speaking what is the first higher degree time frame for the 4H chart?
5/ Practically speaking what is the first higher degree time frame for the weekly chart?
6/ How one calculates the exact higher degree time frame for a lower time frame?
7/ Describe an example of Elliott wave validation.
8/ What is a preliminary Elliott wave count?
9/ An Elliott wave count is a valid Elliott wave count on its own. Yes or No?
10/ It is OK to count waves one time frame alone and use that. Yes or No?
11/ The Elliott wave count on one time frame is always linked to the higher degree 

Elliott wave count. Yes or No?
12/ What does it mean if one says that the Elliott wave patterns are fractal patterns?
13/ What is a predictive fractal pattern?
14/ What is the difference between a predictive fractal pattern, and normal candlestick 

or price-action fractals.
15/ What should one be aware of if the third Elliott wave of the yearly chart has a long 

shadow at the top of it at the time when one is validating the monthly chart Elliott 

wave count?
16/ What should one be aware of if the third bearish Elliott wave of the yearly chart has 

a long tail at the bottom of it at the time when one is validating the monthly chart 

Elliott wave count?
14/ One should subscribe to the 24elliottwaves YouTube channel or website to learn free 

Elliott wave strategies that help. Yes or No?
15/ There is only one higher degree Elliott wave time frame. No or No?
16/ The lower degree waves count will also help one to clarify price structures on a higher 

degree. Yes or Yes?
17/ What should one do if the Elliott count after all does not make sense?
18/ Truly, one should only focus on the higher degree Elliott wave count, and ignore the 

lower degree. No or No?
19/ The higher degree Elliott wave count strategy is an exact science instead of a guide 

to forecast the financial markets. No or No?
20/ One should abandon trying to master the Elliott wave validation on the higher degree 

time frames if it does not help as expected. It is a waste of time and one should not work 

on it at all.
Correct or wrong?
21/ One should always bear in mind that a bigger Elliott cycle is always under-way.
Yes or Yes?
22/ One is checking the higher degree wave count to see the bigger picture.
Yes or Yes?
23/ What is an Elliott wave cycle?
24/ To learn for free how to become a fully functional Elliott wave trader, it is helpful 

to subscribe to the 24elliottwaves YouTube channel or website. Yes or Yes?
25/ Another way to validate Elliott wave count is to use multiple view points by 

comparing one's Elliott wave count to others' after one has completed one's validation 

using the higher degree Elliott wave count strategy. Yes or Yes?