The chart below called the “Compound Construction of Waves” is a shorter version of what I used for years when I was doing all my charts with pen and paper. We didn’t need any color as each degree level was clearly identified. The problem is in normal editors, the degrees in circles are impossible to produce, so I used double parentheses in lieu of a circle. This degree list is what was used for any SC and GSC degree wave counts that I have posted. There is only a list of 12-degree levels, which is plenty, for any wave positions that I use. Three of the biggest degrees are not on this list, and I have 3 smaller degree levels below Miniscule if we need them.
The larger degree is always at the top and they progress smaller and smaller one degree at a time, as we go down the list. The most important thing to know about any Elliott Wave degree list is that the numbers always have letters as the corrections. These letters must be the next lower degree level.
Many find this confusing when they are all done with one color. Nowhere in the EWP book did they use the color of any kind, but with the whole planet doing work inside their computers, staying with black was not enough. Switching to a color scheme slows down any editing session, at least until we have to stop looking at the color scheme chart. My plan is to start using a color scheme for all my weekly and monthly chart positions until I get faster.
For now, I will use this chart as a starting guideline, but the Pink above is not Pink as it matches Magenta far better. Any degree level that did have circles around them now shows as a single left square bracket and a single right square bracket. This cuts down on a bit of chart space, which I will implement as well.
As of 2018 I only use 3 colors because I’m only working with four-degree levels anyway. Blue, Red, and Black.