Question of the Week: 10/25/2022

What is the NeoWave Reverse Logic?


Whenever a market has multiple wave count scenarios, which follow all the rules, it tells you something important about that situation. Multiple good Wave counts only exist when a market is near the MIDDLE of a larger pattern. Human impatience makes us want to pick the count that ends the soonest with the most exciting outcome. Unfortunately, the "Rule of Reverse Logic" tells us to do the opposite (the counter-intuitive "reverse" thing) - pick the count closest to the center of its development, which will be the count that takes the longest to end and produces the least exciting, near-term price movement.

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