Empirical discussion on wave theory
By consistently recording stock quotes and incorporating the time factor, you will be able to spot many key points and trade in fast-moving market movements. However, be sure to train yourself to be patient in pivot trades. You have to put in the effort to do market record research, you have to pick and fill in the records yourself, and you have to write down for yourself at what price points will be reached.
Livermore
The 5 waves of a level are a subwave of a higher level wave. For example, we can say that 5 rippling waves form a sub-wave of a mini-wave, 5 mini-waves form a sub-wave of a micro wave, and so on. The order from small to large is as follows: rippling wave → mini wave → micro wave → small wave → medium wave (original level wave) → large wave → circulating wave → super circulating wave → reincarnation wave.
In a bull market, there are 3 primary driving waves (waves 1, 3, and 5), and 2 primary corrective waves (waves 2 and 4); in a bear market, there are 2 primary driving waves (waves A and C), and a 1 correction wave (wave B). If it is further subdivided, the driving wave is 5+3+5+3+5=21, and the adjustment wave is 5+3+5=13, a total of 34 secondary waves. If further subdivided, the three-level driving wave is 21+13+21+13+21=89, and the three-level adjustment wave is 21+13+21=55, a total of 144.
buy and sell
After the fourth small wave of the fifth medium wave stops and the fifth small wave begins, the fifth small wave will not end until the micro wave 5 is seen. Don't sell until then.
Livermore
The 5 waves of a level are a subwave of a higher level wave. For example, we can say that 5 rippling waves form a sub-wave of a mini-wave, 5 mini-waves form a sub-wave of a micro wave, and so on. The order from small to large is as follows: rippling wave → mini wave → micro wave → small wave → medium wave (original level wave) → large wave → circulating wave → super circulating wave → reincarnation wave.
In a bull market, there are 3 primary driving waves (waves 1, 3, and 5), and 2 primary corrective waves (waves 2 and 4); in a bear market, there are 2 primary driving waves (waves A and C), and a 1 correction wave (wave B). If it is further subdivided, the driving wave is 5+3+5+3+5=21, and the adjustment wave is 5+3+5=13, a total of 34 secondary waves. If further subdivided, the three-level driving wave is 21+13+21+13+21=89, and the three-level adjustment wave is 21+13+21=55, a total of 144.
buy and sell
After the fourth small wave of the fifth medium wave stops and the fifth small wave begins, the fifth small wave will not end until the micro wave 5 is seen. Don't sell until then.
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