Wave
A metaphor for daily market activity that goes against the weekly market tide. Investopedia Says:
An investor trading daily would measure the market waves, or the daily market trends, with various oscillators from the triple screen trading system.
The ocean metaphors for market trends were coined by one of the markets first technical analysts, Robert Rhea. Related Terms:
Downtick
Elliott Wave Theory
Ripple
Stochastic Oscillator
Tide
Uptick |