To proponents of the wave analysis

01 December 2022 99
Load the latest quotes
Full screen

There is a common belief that the trend movement consists of three waves, i.e. towards the trend and two corrective ones. 

Different interpretations for the waves to form may be taken. Peculiarities of perception are also of great importance. However, according to the chart, there is a complete downtrend. 

This hypothesis can be supported by the following example. Let’s suppose that the price from the last wave’s minimum (point 5) moves higher than the point 4.

If so, then it will be safe to say that another wave combination (the uptrend one) has begun to form.

Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!