Contrary to opinion this is a topic I have more questions on so have started a thread here.
Some questions perhaps to Waves
Point (1)The question is for how long?
Point (2)Of more importance is where do you originate the square or cycle??
Point (3)but there are no set rules.
Then it will be necessary to calibrate the X and Y axis of the chart such that 1 unit of price will be equal to one unit of time.
With regard to these point above.
It makes sence to me that someone should or perhaps has come up with a set of rules for the use of time.
Like Elliott---for example Wave 3 cannot be the shortest wave.---
So a set of rules about the use of time.
I see this somewhat like optimisation.
Optimisation (another topic) has its place in sigular charts in my view. It can be re set daily/weekly/hrly to be sure that the optimisation still fits the longterm price action.
Has anyone developed a software that can analyse singular charts to test time cycles against EVERY high and low significant or not---to determine the "harmonics" if you like of time in the price movement?
From this surely "Rules" could be developed.
You could then Daily/weekly/monthly/hrly---whatever check the "Harmonics" of time against the passing of both time and price.