Shortcomings of wave theory

Click: Times Source: Top Financial Writer: Stock Market Sniper -Small +Large

The wave theory has been applied to the stock K line, but it also has shortcomings: 1. Difficulty in counting waves 2. Diversity and variability of conclusions 3. Neglect of trading volume 4. It is more suitable for post verification Problems to be noticed when counting waves: 1. Count if you can count clearly, and if you can't count if you can't count, use other analysis methods 2. Stick to the iron rule. Don't count by subjective feelings. If you think it is a bull market, you must count five waves 3. Pay attention to the level of waves. At first, there may be several counting methods. After many times of verification, we will know how to count correctly. Wave characteristics: 1. Symmetry. It is mainly the symmetry between wave 1 and wave 5, wave 2 and wave 4, and wave a and wave c. This symmetry is not only in amplitude, but also in speed and form. This symmetry is a very important hint to distinguish the level of waves and an effective guide to improve the accuracy of wave counting 2. Simplicity. The shape of every wave that can be counted is very simple. The trend is almost in a linear shape. It is very clear where the low point is and where the high point is. Sometimes this shape is suddenly changed from the messy shape. The clear and simple shape is a symbol of strength.