Wave analysis is a method of studying and interpreting financial markets by analyzing the patterns and trends of price movements. This approach is based on the belief that stock prices move in repeating patterns or waves, which can be used to predict future price movements. Wave analysis is often used in technical analysis to identify potential entry and exit points for trading. The most well-known type of wave analysis is Elliott Wave Theory, which was developed by Ralph Nelson Elliott in the 1930s. This theory posits that stock prices move in predictable waves or cycles based on investor psychology and market sentiment. Wave analysis is a complex and highly subjective form of analysis that requires a deep understanding of market behavior and price patterns.