zSph x Larry Waves Wave Degree Timing

Elliott Waves are fractal structures governed by time. The categorization of time in relation to Elliott Wave is named ‘Wave Degree’.

All waves are characterized by relative size called degree. The degree of a wave is determined by its size and position relative to lesser waves (smaller time and size), corresponding waves (similar time and size) and encompassing waves (greater time and size).

Elliott named 9 degrees (Supercycle – Subminuette).

Elliott also stated the Subminuette degree is discernable on the HOURLY chart.

# Concept

BTCUSDT


Degree is governed by Time yet it is not based upon time lengths (or price lengths), rather it is based on form and structure – a function of both price and time.

The precise degree may not be identified in real time, yet the objective is to be within +/- 1 standard deviation of the expected degree to be aware of the overall market progression.

Understanding degree helps in the identification of when an impulse or a correction is nearing completion and to be aware of the major pivot in price action to occur as a result of the completion of a major expansion or major retracement and be aware of when major pivots in price relating to major expansions and major retracements by managing expectations from a time perspective.

*Important to understand*: If price is currently in a Wave Degree Extension or a Very Complex Correction, the wave degree timings will be distorted (extended in time).

Example: A Cycle typically lasts a few years - yet can last a decade(s) in an Extension.

It’s best to keep the analysis on the Minute/Minuette timeframe to manage timing expectations yet always refer back to the Higher Time Frame Structure.***


# Correct Usage

BEFORE PLACING THE ANCHOR TO DISPLAY ZONES:
Completion of prior wave structure should be completed and there needs to be confirmation the next wave structure is in progression, such as a change in market structure.

Anchor:
Best to anchor on the higher time frame to ensure you always have the anchor point defined when you scale down/move down in the timeframes.

Ensure the anchor point is placed at the termination of a structure/beginning of a new structure (Generally they will be price extremes – extreme highs and lows)

Zones:

• Minimum Zones: The minimum amount of time of completion for a single wave structure to complete for a degree.
  
  
• Average Zones: The average amount of time of completion for a single wave structure to complete for a degree.
  
  
• Maximum Zones: The general maximum amount of time of completion for a single wave structure to complete for a degree.
  

Wave Degree Timeframe Analysis:

• Higher-Level Degrees (Primary, Intermediate, Minor) - Utilize on H4+ timeframe
  
  
• Lower-Level Degrees (Minute, Minuette, Subminuette) – Utilize on 15M to H4 timeframe
  
  
• Micro-Level Degrees (Micro and Submicro) – Utilize on timeframes less than 15M
  
  (There is a chart in the settings you can toggle on/off that reiterates this as well.)
  

# Settings

• Y-Axis Offset:
  It is a scale relative to the asset being viewed. Example:
  - If using on Bitcoin, Bitcoin moves on average $1,000 of dollars up or down (on the Y-Axis), therefore it would be relevant to use values with 4 nominal values to offset it correctly to view easier on the chart as needed.
  - If using on SP500, SP500 moves on average $50-100 of dollars up or down (on the Y-Axis), therefore it would be relevant to use values with 2 or 3 nominal values to offset it correctly to view easier on the chart as needed.
  
• Extend:
  This option allows to extend lines for the borders of the zones towards price action.