By now, you should already have a good foundational understanding as to the use of the Elliott Wave Theory, but this lesson will take it even further… we’ll now be adding multi-timeframe analysis into the equation.

A run on a higher timeframe is a trend on the lower timeframe - that’s what we will focus on in this lesson. If we believe a trend is developing, that means that a new run or new pullback is also beginning on a higher timeframe. For example, a wave 3 run on the monthly chart, will be an entire trend on a daily chart (1,2,3,4,5), going back to the fractal principle.