I searched a lot and I found: Wavelet analysis techniques are pretty cool for analyzing market data at different scales and frequencies. You break down the data into multiple wavelet components, which helps you spot patterns and trends at different levels of detail. It's like zooming in and out of the data to see the price movements and fluctuations happening over different time frames. By checking out the amplitude and frequency of these wavelet components, traders and researchers can get some valuable insights into the ups and downs of the market. It's all about understanding those dynamic and cyclical patterns to make smarter trading decisions.
Daily Market Analysis and Overview by Unitedpips