I always thought the five subcategories of fantasy are: high fantasy, adventure (sword and sorcery) fantasy, fairy tale fantasy, magical realism, and dark fantasy. It's not my idea though, I read it from this book: The Writer's Guide to Fantasy Literature. The authors called it 'The Five Golden Rings of Fantasy.'
If I was making the list, I'd add satirical fantasy in there, but then again, couldn't satirical fantasy fit it into any one of the above categories? Instead of taking itself seriously, satirical fantasy could be just high fantasy or sword and sorcery played for laughs.



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comic/satiric fantasy, which is anything where the setting is designed to be humorous as a main focus of the book and which can be light-hearted romp to very black comedy; and dark fantasy, which is anything where the setting is very dark, spooky and moody (as opposed to just gritty and grim,) and can sort of overlap with horror. (For this reason, you'll often see it described as horror/dark fantasy.)
It's a tricky term to deal with and if you've written a Dune-like SF, you're better off just calling it space opera or if appropriate post-apocalypse SF so people know for certain what you mean. 
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