"Steve: Over my dead and dying body, could you ever take this software out my hands. I have paid for my software both EOD and RT, in my first month. I truly think my eternal search is now over. I have found the holy grail"
Jeff, Private Trader
Risk Disclaimer Testimonials herein are unsolicited and may not be representative of the experience of other Customers and is not a guarantee of future performance or success.
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.