What does a wave look like?

In markets, progress ultimately takes the form of five waves of a specific structure.  Waves (1), (3) and (5) actually affect the directional movement.  Waves (2) and (4) are countertrend interruptions. The two interruptions are apparently a requisite for overall directional movement to occur. 

The stock market is always somewhere in the basic five-wave pattern at the largest degree of trend. Because the five-wave pattern is the overriding form of market progress, all other patterns are subsumed by it. 

Next: What time frame does the principle work for?