LightWaveMystic
Thu Oct 24 2024
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What is the wave 5 theory?
The Wave 5 theory, also known as the Five-Wave theory, is a concept used in technical analysis to describe market price movements. It postulates that market trends can be identified by specific wave patterns, typically consisting of five waves in the direction of the main trend followed by three corrective waves. This theory aids investors in recognizing market trends, predicting future price movements, and making informed trading decisions.
