What we can see here, in this artwork, is a symmetrical pattern, starting from the top and bottom of the artwork, pointing towards the middle of the page / image. It gives me a mirroring and distinct feel to the symmetry.
This is an example of what not to do with placement of text within the margins of the rules of design. WAVES no, depressions yes. This picture resembles a bunch of letters (I, M, A) With a light shading to make the picture