Impulsive Waves ( “Five Waves Up” fractal ) Wave 3 up

Higher high Lower high Higher low

Please note: In majority of cases subwave c of 3 goes parabolic not letting bears close their shorts and not
letting those who missed that rally to get any meaningful pullback to buy at lower price
Subwave c is the best opportunity for traders who prefer breakout trades
3
c This subwave c of 3 normally looks like
a crazy emotional unstoppable move up.
In 100% of cases it does establish a new
higher high and concludes the wave 3 up
1
c a breakout level
a b

a This higher low becomes a new critical support

b
b
c The starting point of the first subwave a of wave 1
The first critical support 2 is the lowest point for the whole five wave up structure