The price must always be above this line price to continue up. If the price is below this line then the price tends to fall.
This line shows the price is in an uptrend or downtrend. If the price is above this line then it is an uptrend and if it is below it is the opposite.
This line shows the pattern that is occurring.
These waves show whether the price is in a downtrend or uptrend phase. If the price is within the wave then the price will tend to fall and if the price is above it then the price will tend to rise.