Tools that facilitate the application of a specific financial market analysis technique are essential for traders and investors. This category of software assists in identifying recurring long-term price patterns related to persistent changes in investor sentiment and psychology. An example would be a platform that allows users to automatically label and analyze price charts based on predetermined wave structures.
The value of such resources lies in their ability to potentially predict future market movements by recognizing phases in market cycles. This approach, developed in the 1930s, provides a framework for understanding market trends and corrections, offering a perspective beyond traditional technical analysis. The adoption of these tools has increased as computational power allows for increasingly complex pattern recognition and analysis.
