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The Basic Building Blocks of Any Price Chart: Up A-B-C Fractal

The document discusses the basic building blocks of price charts known as A-B-C fractals. It explains that (1) price moves in zig-zags shaped like waves A, B and C, with A representing an initial move, B a reaction, and C a resolution. It also notes that (2) in up fractals, wave B should not breach the low of wave A, representing the main support, and in down fractals wave B should not breach the high of wave A, or the main resistance. Finally, it states that (3) wave C of a fractal should either retest or surpass the extreme of wave A.

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82 views3 pages

The Basic Building Blocks of Any Price Chart: Up A-B-C Fractal

The document discusses the basic building blocks of price charts known as A-B-C fractals. It explains that (1) price moves in zig-zags shaped like waves A, B and C, with A representing an initial move, B a reaction, and C a resolution. It also notes that (2) in up fractals, wave B should not breach the low of wave A, representing the main support, and in down fractals wave B should not breach the high of wave A, or the main resistance. Finally, it states that (3) wave C of a fractal should either retest or surpass the extreme of wave A.

Uploaded by

lavin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The Basic Building Blocks of Any Price Chart: Up A-B-C Fractal

C - Completion point of wave C


should either reach a new

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extreme or
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- Starting point of A should not be breached by B


Main support
The Basic Building Blocks of Any Price Chart: Down A-B-C Fractal

Main resistance
- Starting point of A should not be breached by B

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A - Completion point of wave C


should either reach a new
extreme or at least to retest
C
the extreme of A
A-B-C fractals: Your Key Takeaways from this lesson:

1 Price never travels in a straight line for too long, it travels in zig-zags shaped as A-B-C

2 Wave A is Action, Wave B is reaction to the first move, Wave C is resolution to both
preceding waves A and B

In up looking A-B-C fractal the starting point of the wave A is the main support for the
3 whole A-B-C up fractal. Reactionery Wave B down may come back up to the lowest
point of A but never should violate it

In down looking A-B-C fractal the starting point of the wave A is the main resistance
4 for the whole A-B-C down fractal. Reactionery Wave B up may come back up to the
highest point of A but never should violate it

In up looking A-B-C fractals Wave C either retests or more often makes new higher
5 high over a high made by Wave A. In down looking A-B-C fractals Wave C either
retests or more often makes new lower low under a low made by Wave A.

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