This 5-Wave Sequence exists in all time frames. It can be seen in minute, hourly, daily, weekly, monthly, and yearly time frames.
This 5-Wave Sequence pattern can be viewed as a: Primary Sequence - 1,2,3,4,5 Major Sequence - 1,2,3,4,5 Minor Sequence - 1,2,3,4,5 Intermediate Sequence - (i),(ii),(iii),(iv),(v)