Can wave theory be explained by 24 solar terms?

No, it's just that many people use the natural laws of the 24 solar terms to speculate in stocks. There are also online investors who combine the 24 solar terms with Gann's wave theory, and it is not without official confirmation.

Gann divided a 360-degree circle into 24 equal parts with 12 diagonal lines, and each angle was 15 degrees. Gann thinks that if a circle is regarded as 1 day, that is, 24 hours, then every hour is exactly 15 degrees. If a circle is regarded as 1 year, it is divided into 24 equal parts, which exactly corresponds to 24 solar terms.