What is Five-Wave Impulse?
Five-Wave Impulse is a wave, cycle or harmonic charting concept used to organize market swings into recurring sequences or proportional relationships. It is interpretive rather than a deterministic pricing model.
Five-Wave Impulse matters because it gives analysts a consistent way to discuss wave and cycle interpretation. These frameworks provide a vocabulary for sequencing swings and comparing proportional relationships across price and time.
How to read Five-Wave Impulse
Read Five-Wave Impulse as a structured hypothesis about swing sequence or proportionality. Alternative counts or anchors are often possible, which is why independent market evidence is important.
What Five-Wave Impulse does not tell you
Wave and cycle labels are interpretive and can be sensitive to where an analyst chooses the starting and ending points. Different analysts can apply discretionary frameworks differently, so reproducibility requires explicit rules and anchor choices.
Use in bonds, rates and macro markets
They are interpretive technical-analysis frameworks, not deterministic models of rates or bond valuation, and should be presented with explicit uncertainty.
Technical chart structures are context, not certainty. BondStats does not present a candlestick, drawing tool, indicator reading or chart pattern as a standalone investment recommendation. Where a concept depends on discretionary anchors or parameter choices, those choices should be made explicit.