Elliot waves reflect the movement of repetitive market sentiment.
It usually has five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move), (up or down).
The elliot waves are often repetitive and overlapping. It is usually divided into cycles:
Grand Supercycle
Supercycle
Cycle
Primary
Intermediate
Minor
Minute
Minuette
Sub-minuette
This post is my assumption for the Grand Supercycle Wave model. (In my opinion, it has a 4 year/cycle). With the Supercycle, it takes about 6 months and the cycle is 22-30 days.
This is a fun fact. It is a personal opinion. Maybe right or wrong.
Thank for reading. Go to the moon, yo!!!!
***Sometimes the simplest and most basic things are right. Why not? Humans allways complicate matters. Right? LOL