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Good tips. I would add that you can get two upwaves back to back or an upwave and a sideways wave. Some would call those inversions I guess.
Elliot never made sense to me untill I broke the building block into smaller chunks. His 1,2,3,4,5 is actuall two abcd's in the same direction. Even then its too complex.
The more esoteric Gann stuff (well stuff that his followers attribute to him) is more focused on time than price also.
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Howard at ensign offers some great insights.
http://www.ensignsoftware.com/tips/t...ips13.htm#Time
http://www.ensignsoftware.com/tips/t...htm#Importance
This page is an essential read for Grail seekers
http://www.ensignsoftware.com/tips/tradingtips42.htm#In