How to Know When 5 Waves Mean “STOP” or “GO”
by Editorial Staff
Updated: January 23, 2023
You may already know that trending moves develop in 5 waves, while countertrends have only three legs. But does every 5-wave move indicate the start of a new trend? There's a bit more to it, explains our monthly Global Market Perspective contributor, Murray Gunn, as he shows you a chart of EuroSTOXX 50, a pan-European 50-blue chip index, and explains what the waves show.