What books are Gann Theory and Wave Theory?

Gann theory is an analytical method and market measurement method, which is applied to the stock and futures markets, mainly the stock market. Gann theory was put forward by Willian D Gann, a famous investment master, through the comprehensive application of mathematics, geometry, religion and astronomy, combined with his impressive achievements and valuable experience in the stock and futures markets, including Gann's time law, Gann's price law and Gann's line. According to Gann's theory, there are universal natural laws in stock and futures markets, and the price trend of the market is not chaotic, but can be predicted by mathematical methods. Its essence is to establish a strict trading order in a seemingly disorderly market, which can be used to find out when the price will be adjusted back and to what price. Related books include Gann Time Cycle, Gann Theory and China Calendar, Gann Theory and Practice, etc.

Wave theory is an American securities analyst, R.N.Elliott, who uses the Dow Jones Industrial Average (DJIA) as a research tool and finds that the ever-changing structure of stock prices reflects the beauty of natural harmony. According to this discovery, IiR. N.Elliott put forward a set of relevant market analysis theories, and extracted13 patternrns (patternrn) or Waves) of the market, which appear repeatedly in the market, but the time interval and amplitude of their appearance are not necessarily reproducible. Then he found that these structural patterns can be connected to form larger patterns of the same type. In this way, a series of authoritative deduction rules are put forward to explain the behavior of the market, with special emphasis on the predictive value of the wave principle, which is the prestigious Eliot wave theory.

Eliot's wave theory is a stock technical analysis theory. It is believed that the market trend keeps repeating a pattern, and each cycle consists of five rising waves and three falling waves. Eliot's wave theory divides trends of different scales into nine categories. The longest megacycle is a megacycle spanning 200 years, while submicroscopic waves only cover the trend in a few hours. However, regardless of the scale of the trend, each cycle is composed of eight waves.

The premise of this theory is that the stock price fluctuates in the order of five waves when it moves with the main trend, and in the order of three waves when it moves against the main trend. The long wave can last more than 100 years, and the duration of the secondary wave is quite short. Related books include Eliot's Wave Theory: The Key to Market Behavior, The Complete Works of Eliot's Wave Theory, Profit from Eliot's Wave Theory, etc.

I hope my answer is helpful to you. Finally, I wish you great success in the stock and futures markets.