Five-Waves-Up
The Main Fractal.
FIVE WAVES UP
The Five Wave Up fractal (a repeating pattern) is a backbone of any trending move up. A rally keeps pushing price higher until the whole structure is played out. That makes that fractal a powerful predictive tool in trading and investing.
MAIN FEATURES
- The Five Wave Up fractal is subdivided into five waves
- Each of waves 1, 2, 3, 4 and 5 is composed of smaller waves A up, B down and C up
- Waves 1, 3 and 5 are waves in direction of the main trend. We call them "impulsive waves"
- In waves 3 and 5 price makes higher highs
- Waves 2 and 4 are "corrective waves", temporary pullbacks in countertrend direction
- In corrective waves 2 and 4 price makes higher lows
In the video I explain all you the nitty-gritty details about this pattern
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The best way to understand how this pattern works is to study collection of charts with real life examples.
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