"I been a professional trader for 14 years and Hedge Fund manager for 2 years. I have seen tons of dubious methods and systems come and go over the years. But I'm very pleased with the way that you've been able to quantify and deploy a very simple yet effective method for trading on the right side of the risk/reward proposition"
Todd, Hedge Fund Manager
Wave (5) is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in Wave (5) than in Wave (3), and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak).
As such, Elliott Wave (5) is the final leg before the unltimate top.