Psychology of Wave 2
This interpretation explains why market psychology in recent weeks has exceeded the optimism at all
previous peaks in the bear market. That is what happens in second waves and this is the largest second
wave since the top. Here is the description from Elliott Wave Principle, with key words changed to describe
the second wave of a new bear market:
There is an environment of euphoria in second waves. At this point, investors are thoroughly convinced
that the bull market is back to stay. Second waves often end on very low volume and volatility, indicating
a drying up of buying power.
Imaginem o que vem a seguir?
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aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
