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Cycle WA 2013 Figure 1 (waves 1 to 5-above ligte) there was which can be well soon in Fig. 21 camp, Fie 2dows the eve waves EVEN A, B, C stample, Wave 1 in Fig is composed she above figure The waves se divided into We since its imple wave that trend imples that create directed trend The longest cycle carding tot de bestand te them to move very activity to reach Ocelet Superycle that some of Supercle of 8 Cycles, no (waves 1,3,5,A,C-below figure corrections (rollback) that are characterized by seen that imples and the subsequent corre moving in the trend w 24B-waves pel The stronger imple below figare) Figure 1. In his Wave They see the ways a clear definition of when we subdivision principle. This means every way part of a longer wave and is subdivided into share wwes itself (see fire below Everywhere able the Eliott Wave Theory, Tibet wbdivided into 3 or waves. This subdivisie depends muthens play an important role in the constructions on the direction of the longer wave the complete market cycle described with the wie Fach of the cycles Elliot defined are compris The main principle in the Ellion's theory is that every Impulse wave conuinta of five henter wwes and every mantet iequence of total wave count that falls within the Fibe Cove wave at the trend is composed of come and vice versa The Wwe Theory is enticized for the Concies are expecially difficult in this regard. Fact Numbers provide the mathemat Cycle Under closer examination of figure below, one can notice that the complete market cycle is composed of two large waves, eight middle waves, and 34 small waves. Similarly, at a bear market, we can see that a bear Grand Supercycle is composed of one large wave, five middle waves, and 21 small waves. If we continue this subdivision, we will be able to observe the consequent 89 even smaller waves, etc. Respectively, a bull Grand Supercycle is composed of one large wave, three middle waves, and 13 small waves. At the next sublevel, there are 55 very small waves, etc. Figure 2. This principle is normally used in the Elliott Wave Theory as follows: movement in a certain direction should continue until it reaches some point in concordance with the summational Fibonacci number sequence. Calculations within the Elliott Wave Theory resemble a road-map. Every wave has a set of characteristics. These characteristics are based on market behaviour arrays