Reading MAP Wave Charts Basics.

Due to waves being fractal (waves of different amplitudes) there are always waves within waves.

The fractal wave scales I follow are detailed in Wave Scale Key and are colour coded to ease following waves.

They are derived from the tick intervals on the charts where pivots of that scale are most easily identifiable as detailed in Pivots.

To reduce chart clutter pivots are shown with the trend of each fractal wave scale. Hence arrows  at highs above are showing a downtrend (bearish) on that fractal cycle and are preceded with a – before the pivot number. Conversely arrows underneath show the pivot number and indicate on that fractal cycle the trend is up (bullish).

Below we can see on a weekly fractal prices are bearish, however on the monthly level prices are still bullish.

Wave counting

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