This method primary considers price as that is what most traders are concerned with anyhow. The aim is to catch the 3rd wave which is the most powerful and profitable wave to trade. Technical indicators such as , , , etc, are considered primary to confirm the wave count. For example, momentum indicators will become embedded in a 3rd wave, often not resetting until the move is largely over. may see divergences as a move nears completion; wave v of 3 may have a lower reading than wave iii of 3. Likewise, wave c of 2 may exhibit positive divergence, having a higher reading than wave a of 2. These fingerprints add confidence to the count but are not required. Price objectives are paramount, and as always, trade safe using a defined plan of your own with STOPS.
, channels, etc may be included to estimate timing, but this is not a timing system. For example, 4th waves are frequently complicated corrections and difficult to predict. A correction may, for example, take place in time instead of price. In such cases, the price correction can be shallow while time drags on longer than initially anticipated. I try to draw my targets with relatively reasonable time objectives, but often find myself moving the wave labels when price and pattern seem to fulfill their objective.
Note: Ignore the symbol, time axis, and price (hidden). I merely used this chart as a drawing space.