2. The second wave: sometimes the adjustment range is quite large, which makes market participants mistakenly think that the bear market is not over yet; The trading volume gradually shrinks and fluctuates finely, reflecting the gradual exhaustion of selling pressure;
3. The third wave: usually the most explosive wave; Running time and amplitude often belong to the longest wave; Most of the time it becomes a spread wave;
4. The fourth wave: it often appears in a more complicated form, and there are many opportunities to adjust the form in a triangle, usually ending in the range of the last fourth wave at a lower level.
5. The 5th Wave: The increase of The 5th Wave in the stock market is generally less than the third wave. The futures market has the opposite situation, and the fifth wave is more likely to become an extended wave;
Extended data
In fact, the first wave can also go down. Facing the downward push, the following concepts can be interpreted in reverse. The beginning of the first wave means that the adjustment of the market situation has ended. So the first wave is actually a sign of market changes.
The relationship between wave length and intensity is usually a magic number of 0.62 or the golden section ratio, and the golden section is a magic number. Look at the energy storage of the first and second waves in the early stage, as well as the relationship between volume and price, which is also related to the recent sudden favorable policy stimulus.
The extension of wave can be understood by combining the concept of "pen" in entanglement theory and similar terms in mathematics. If the direction is the same and there is no obvious change in quantity and energy, two paragraphs can be merged into one paragraph, which is regarded as the strengthening of the trend. However, this short-term strength is easy to adjust.
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