label an Elliott wave

Hello, I came here searching for a simple clear answer on how to label an Elliott wave - I mean what constitues a wave? what defines the beginning of a wave and what defines the end of a wave?
thank you, george

Hi George

Elliott wave is in the eye of the beholder.The more pints you have the easier it is to see those waves.lol
The best place to start is at Elliott Wave International: Expert Market Forecasting using the Elliott Wave Principle
They have a free booklet you can download, if you like that you can purchase Robert Prechter's classic book, Elliott Wave Principle. It's a great little book and will get you up to speed in a few weeks.
Actually the basic patterns are pretty simple to learn, but seeing the wave count in real time is another story and you can get carried away with counts, especially in a choppy market.
Any questions let me know.

Enjoy surfing the waves man!

regards,

A

Hi, 0007. I am laughing at your reply. Thanks.

Hi, A -- Thank you for your reply. I guess I am not making myself clear. I am studying the book you recommended but it occurred to me that a wave is not defined in the book as far as I can see; I mean what marks the beginning of one wave and its end. Maybe it's too simple but I just don't understand. In any case, thank you, for taking the time to offer help. I am going to go to the website you recommended. And I did like your "wave in the eye of the beholder" definition -- george

glebecki: " what marks the beginning of one wave and its end. "
the beginning, Price changes direction; the end, Price changes direction

you might try working with the fibo tool to obtain Price targets, and also
try a Time target method, plus a parallel trendlines tool

some swear by 'Mastering Elliot Wave: Presenting the Neely Method'
but be warned - 'it makes my head hurt'

Hey, Trdr. Now that is a very cool response! Thank you - simple and clear. I have gone all over the place to get an answer to that question - Google, books on Elliott, etc. I wonder why "wave" is not defined in the books on Elliott. Thanks for the suggestions.
George

A seismologist can look at the trace from a seismograph and he can identify the time, duration, amplitude and epicenter of an earthquake but could that same seismologist make money by betting on where and on which day the next big quake will hit ?


dd