Do You Surf the Market Waves?

Market Waves

Market waves: Have you ever looked at the waves of a market?  “Market waves?”  You may wonder: “Waves are for surfers.  What do waves have to do with the markets?”

Plenty.

The Wave Chart

Reading the market through its waves has been known for over 100 years, but traders may not know how to view the market through this unique perspective.  The ‘wave chart’ was originally conceived by Richard Wyckoff, considered by many of today’s top traders as the father of technical analysis.

Wyckoff noted that markets move in waves.  There is an ebb and flow to the markets which can tell the next likely move of the market.  Let’s see how a wave trader surfs the market waves ... Continue reading here ...