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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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.