MAIN TAKEAWAYS
- Waves of smaller degree are integral parts of the same type of waves of a larger degree
- Each of waves 1, 3 and 5 in the Five Wave fractal is subdivided into A-B-C, three subwaves of a smaller degree
- Waves A and C in the A-B-C fractal are subdivided into five waves of a smaller degree
- Any two Five Wave fractals can not be connected to each other. There is always a three-wave A-B-C fractal in between them. Two Five Wave fractal connected by A-B-C fractal always point into the same direction. And that connecting A-B-C fractal should point in opposite direction.
- Any price chart on any timeframe can be broken down into sequece of interconnected Five Wave and three wave A-B-C fractals.
- Introduction to Section 4.
- How small A-B-C and Five Up fractals become parts of similar bigger fractals.
- Bigger fractals are just combinations of smaller size fractals.
- How Waves are subdivided into subwaves.
- What You Should Remember about Fractals.
- How to Label Waves and Subwaves.
- Impulsive vs Corrective Waves.
The best way to understand how this pattern works is to study collection of charts with real life examples.
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