Bar charts reveal what a market has done in the past by showing the trading range which existed over a standardized portion of time plotted on a single, vertical line (Figure 2- 4c). The problem with bar charts, from an Elliott perspective, is they do not possess the necessary qualities to allow for the analysis of waves in absolute terms. If you were to draw a line across only the highs or lows of some price action, you would have a band of price action similar to Figure 2-4d. This produces the right idea, but is still not the best representation of the entire day's price action. The motion is important, but to correctly interpret market action requires data be of a singular nature. The price action on a bar chart consists of dual price factors occurring simultaneously, the high and low. Only one figure per time period should