Wolfe Wave
Wolfe Wave
In
technical analysis, a series of
price movements with waves roughly analogous to waves found in nature. The Wolfe wave holds that stock prices move up a total of five times and down a total three times in a
bull market and vice versa in a
bear market. Tracking Wolfe waves over time helps
technical analysts estimate future price movements. A Wolfe Wave may occur in a very short or over a very long period of time.
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References in periodicals archive
Back at her current headquarters, an old Wells Fargo stagecoach stop,
Wolfe waves hello to neighbors and asks how they're doing, what they're up to.
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