Wolfe Wave(redirected from Wolfe Waves)
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.