Discussing the article: "Triangular and Sawtooth Waves: Analytical Tools for Traders"
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Check out the new article: Triangular and Sawtooth Waves: Analytical Tools for Traders.
When we think of waves, the first image that comes to mind is often a sine wave. They can be used to model and describe oscillations of a wide variety of natures. Including market cycles.
When it comes to wave analysis, Elliott Wave Theory immediately comes to mind. According to this theory, price moves in cycles: first, there is an impulsive movement (rising wave), followed by a correction (falling wave). These movements form a fractal structure, where each larger wave consists of smaller waves. And those, in turn, consist of even smaller ones.
Thus, both sine waves and Elliott waves are two different concepts, but both are related to the idea of periodicity and process repetition. At first glance, it may seem that all these wave theories have long been studied, tested, and that it's impossible to come up with anything new. But this impression is deceptive—it's always possible to build something new on an old foundation. And that's exactly what we'll do now.
Author: Aleksej Poljakov