Boxes Within Boxes

Picture a box. Inside it is a smaller box. Inside that, a smaller one still, and inside that another. Each box fits entirely within the one around it. Nothing in an inner box exists outside the box that holds it.

Now label them. The outermost box is the yearly candle. Inside it is the monthly candle. Inside the monthly is the weekly, inside the weekly the daily, and inside the daily the four-hour, the hourly, the fifteen-minute — as far down as you care to go. Each box is a candle, in the sense chapter 2 established: a high and a low, R1 and S1, with everything smaller forming between them.

This is the whole idea. Everything else in this book is a consequence of it.