Richard Demille Wyckoff (1873–1934) was a pioneer in the technical approach to studying the stock market in the early 20th century. He is regarded as one of the "greats" in technical analysis, alongside Dow, Gann, Elliott, and Merrill. At the age of 15, he began working as a stock runner for a brokerage firm in New York, and by his early 20s, he had become the...
Wave 5 rule "end of trend"
- Anything at the end of the wave has a chance to fail.
- Wave 3 extends more than 261.8% of Wave 1 and Wave 4 retraces more than 38.2% of Wave 1 + Wave 3.
advice
- The last wave should only play 38.2% for safety. After that, you should wait for the end of the trend and then play on a down trend.
