corrective-up

The Five Wave Up Fractal
CORRECTIVE WAVES

Inside the Five Wave Up fractal even numbered Waves 2 and 4 are temporary pullbacks in counter trend direction. Every trend is a sequence of higher highs made by Impulsive Waves and higher lows made by Corrective Waves. Wave 2 down shall never drop under the starting point of the wave 1 up. Wave 4 down shall never drop under the low of preceding pullback in wave B of 3.

MAIN FEATURES

  • In any Five Wave Up fractal waves 1, 3 and 5 are impulsive waves driving price in direction of the main trend
  • Each of waves 1, 3, and 5 is composed of smaller waves A up, B down and C up
  • Wave C of 1 makes a higher high over the top of wave A of 1
  • Wave C of 3 makes a higher high over the top of wave A of 3
  • Wave C of 5 makes a higher high over the top of wave A of 5

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