The fifth step is to use the Wave rules and guidelines to label all of the SHSL/legs with letters and numbers. Corrective price action receives the letters ABC or WXY. In some cases even ABCDE or WXYXZ. Impulsive price action receives the numbers 12345. Within impulsive price action the numbers 2 and 4 are corrective in nature, and 1,3 &5 are impulsive. In the example above we can attach the wave count by adding the waves 1-5 and A-C to the list: