Below you see the Elliott Wave Labeling Key I use. It's the common way of labeling the waves. However, circles can only be used in charts, so otherwise they are replaced with brackets [ ].
Wave Degree
5's with the trend ~ 3's against the trend
Approx. duration (bull/bear)
Grand Supercycle
[I] [II] [III] [IV] [V] ~ [a] [b] [c]
centuries/decades
Supercycle
(I) (II) (III) (IV) (V) ~ (a) (b) (c)
decades-centuries/years-decades
Cycle
I II III IV V ~ a b c
years-decades/years
Primary
[1] [2] [3] [4] [5] ~ [A] [B] [C]
years/months-years
Intermediate
(1) (2) (3) (4) (5) ~ (A) (B) (C)
months-years/months
Minor
1 2 3 4 5 ~ A B C
months/weeks-months
Minute
[i] [ii] [iii] [iv] [v] ~ [a] [b] [c]
weeks-months/weeks
Minuette
(i) (ii) (iii) (iv) (v) ~ (a) (b) (c)
Subminuette
i ii iii iv v ~ a b c
Micro
[1] [2] [3] [4] [5] ~ [A] [B] [C]
Submicro
(1) (2) (3) (4) (5) ~ (A) (B) (C)
Miniscule
1 2 3 4 5 ~ A B C
Note: This color combination belongs to Dan and Kenny.