After a low is made, the fractal stage setting commences. There would have to be at least two hourly fractals before the market can try for a Wave 1.

The triangles are the fractals. Wave 1 up is the beat of the 2nd fractal down.

A = Aggression. 0 = Zero.

This is where the bull – bear show down takes place (The Clash). On the image above you can see that Zero gets back tested, but only one 30-minute close would be claimed. A break down failure. The bulls get to write a 3/60. This means 3 waves that breaks outside the 30-minute 30 sample Bollinger (or a single wave with a 60+ pips parabolic move from the recoil point.)

The 3rd Wave in this example had a 3-part sequence to it. See how there’s no multiple closes below the Magenta, 8 EMO – until it is too late. After the 3rd Wave the bears had the opportunity to carry on with the down trend.

Also, see how all the price action was taking place above the Aggression entry with the pullbacks bouncing off of the A. This is not a must, you could see higher lows as well.

Why am I teaching you all of this? Because a new low was just made. A Wave 1 took out the second fractal from above. A Zero is being printed. What should you be expecting next?