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In Elliott Wave Theory, the ABC wave is the fundamental basis for understanding market correction structures. Whether you are a beginner or an experienced trader, mastering the various patterns of ABC waves is an essential part of technical analysis. This article compiles the most comprehensive wave pattern guide, allowing for quick reference when encountering complex market movements.
Understanding the Basic Logic of ABC Waves
Elliott Wave Theory divides market movements into two main categories: impulse waves and corrective waves. Impulse waves drive the market along the primary trend, usually consisting of five sub-waves (labeled 1-2-3-4-5). In contrast, corrective waves move against the trend, partially retracing the previous move and adjusting market sentiment.
Corrective waves are typically composed of three ABC waves. This is the cornerstone for understanding all correction patterns. Although each ABC wave has the same structure (all are ABC three-wave patterns), differences in the internal sub-waves can lead to completely different market formations. This variation both increases

Federal Reserve Board member Waller pointed out that there is high uncertainty about whether to cut interest rates in March, and the decision depends on the upcoming February employment data. He emphasized that the performance of the labor market will directly influence the direction of Federal Reserve policy, reflecting the current economic uncertainty.

RWA (Real World Assets) is becoming a new trend in the crypto market, covering various assets such as cash, real estate, and more, with an estimated potential to unlock a trillion-dollar market. Its applications in DeFi include stablecoins, synthetic assets, and lending protocols. Projects like MakerDAO and Centrifuge have demonstrated the feasibility of RWA, although trust costs remain a major challenge. The future development of RWA holds significant potential.

The role of the US dollar in the international monetary system is crucial, and its appreciation or depreciation will directly impact global capital flows and commodity prices. As we approach 2026, the outlook for the dollar's appreciation becomes more complex—facing pressure from central bank rate cuts while potentially gaining support from geopolitical risks. To understand this contradictory phenomenon, we need to start by analyzing the fundamental mechanisms behind the dollar exchange rate.
Factors Influencing the Strength of the US Dollar: The Triangle Relationship Between the Index, Exchange Rate, and Central Bank Policies
The core meaning of the dollar exchange rate lies in the exchange value of a certain foreign currency relative to the US dollar. Taking the EUR/USD currency pair as an example, it represents how many US dollars one euro can buy. When EUR/USD rises from 1.04 to 1.09, it indicates that more dollars are needed to exchange for one euro, meaning the euro is appreciating relative to the dollar, which is depreciating; conversely, a decline would indicate dollar appreciation and euro depreciation.
The US Dollar Index (DXY) is a comprehensive tool for assessing the overall strength of the dollar, composed of 6

Many people think that exchanging Japanese Yen simply involves going to the bank, but in reality, the handling fees and exchange rate differences can cost you several thousand dollars more. By February 2026, the TWD to JPY exchange rate is about 4.82, and the popularity of traveling to Japan and investing in Japanese Yen is on the rise again. But before exchanging currency, you must clarify—do you need to pay a handling fee when exchanging Yen? The answer is: it depends on the method. We will explain the latest four currency exchange methods and their handling fees so you can find the truly cost-effective option.
Revealing All Bank Handling Fees: Why is Over-the-Counter Exchange the Most Expensive?
Over-the-counter exchange is the most traditional and straightforward method, but it also has the highest handling fees and the worst exchange rate margins. Carrying Taiwanese dollars in cash to a bank branch or airport counter to exchange for Japanese Yen cash, the bank will use the "cash selling rate," which is about 1-2% worse than the spot rate. Additionally, some banks also charge a fixed handling fee.
Taking Taiwan Bank as an example, as of February 2026, the cash selling rate

Understanding the internal and external markets is an important tool for judging stock market trends. The internal market refers to the volume where sellers are eager to execute transactions, while the external market is the volume driven by buyers actively pushing prices higher. By analyzing the internal and external volume ratio, traders can identify market sentiment and short-term trends. Additionally, caution should be exercised in distinguishing genuine signals from false ones, such as "false bullish" and "false bearish" traps, and it is important to combine support and resistance zones to seize entry opportunities.

According to Swift data, the ranking of international currencies is changing, with the RMB trading share reaching a new high of 4.7%, surpassing the Japanese Yen to become the fourth largest currency, while the Euro continues to decline to below 22%. Despite the rapid growth of the RMB, the US dollar remains firmly in first place, accounting for approximately 47% of the global payment market. China's efforts to promote the internationalization of the RMB have significantly strengthened its role in global trade and are influenced by geopolitical factors. This shift is reshaping the global financial landscape.

The UK stock market plays an important role in the global financial system, with the development history of the London Stock Exchange and the characteristics of the FTSE 100 index being its core. With the support of a stable financial system and institutional investors, the market has strong risk resistance. As central banks adjust monetary policies, advanced industries such as energy and healthcare will drive future markets. Investors should develop rational strategies and choose professional platforms to seize opportunities.

Have you ever experienced losses in the stock market but seen news reports of people making huge profits during a market crash? This is not a myth but a trading strategy called "short selling" or "shorting stocks." Unlike traditional buying with the expectation that prices will rise, short selling involves taking a reverse position during a market decline, allowing investors to profit even in a bear market. This guide will help you understand how short selling works, the participation requirements, target selection, and practical operation tips.
Core Principle of Short Selling: How Reverse Profits Work
Short selling, also known as shorting, going short, or shorting stocks, has a straightforward core logic: predicting that a stock will decline in the future, so you sell it at a higher price first, then buy it back at a lower price after the decline, earning the difference. This is completely opposite to the traditional "buy first, sell later" approach and is considered a "sell first, buy later" reverse operation.
Investors engaging in short selling face a practical problem: you do not own the stock, yet

When a listed company announces a dividend ex-date plan, the stock price decline is caused by multiple factors such as technical adjustment mechanisms, market expectations, and sentiment. Investors should evaluate the stock's performance, historical trends, and the company's fundamentals to make informed investment decisions. Hidden costs such as taxes and transaction fees should also be considered. Understanding that stock price movements before the ex-dividend date are key to long-term stable returns.

In May 2025, the Taiwan dollar exchange rate suddenly surged nearly 10%, triggering market expectations of future appreciation. Factors contributing to the appreciation include the U.S. tariff policy push, the central bank's intervention dilemma, and the insurance industry's exchange rate operations. Although Taiwan's economic fundamentals are solid and the long-term appreciation probability is high, caution is also needed regarding potential risks from structural imbalances.

Many investors only know how to make money by "going long," but have little understanding of the short-selling trading strategy, and may even have misconceptions about it. In fact, the meaning and importance of short selling are fundamental concepts that any investor aiming to achieve stable returns in the financial markets must master. The market itself is like the yin and yang, with some expecting prices to rise, and others profiting from declines. Understanding and utilizing short selling allows for flexible operations in various market environments.
Core Definition and Operational Logic of Short Selling
When we discuss what short selling means, the most straightforward explanation is: based on an investor's judgment of the future market trend, they believe that the price of a certain asset will fall. Therefore, they first borrow the asset and sell it at the current price. After the price drops, they buy it back to return it, profiting from the price difference.
This is completely opposite to the logic of going long. Going long is "buy low, sell high," while short selling is "sell high, buy low." The key difference is that short selling does not require the investor to actually own the asset.

Do you often hear this saying: "The real battlefield is after the US stock market closes," or "US stock futures are available 24 hours after hours"? But every time you open your trading software, facing a bunch of fluctuating numbers and time zone conversions, you instantly feel confused. Don't worry, today we will thoroughly decode the secrets of after-hours trading in US stock futures.
What is electronic trading? Why has after-hours become the new battleground for investors
Electronic trading, commonly known as "after-hours trading" or "night trading," is a trading mechanism that breaks the limitations of traditional trading hours. It opens the door for global investors to trade 24 hours a day, allowing trading to no longer be restricted by geography and time.
Taking US stocks as an example, the regular trading hours are from 9:30 AM to 4:00 PM Eastern Time. Outside of this period, after-hours electronic trading provides investors with opportunities to continue positioning. During this time, major funds and well-informed institutional investors can act based on the latest information or market

Short squeeze refers to the phenomenon where, when the price rises, short investors are forced to cover their positions, further driving up the price. This phenomenon can be divided into manipulative and natural types; the former includes events like the 2021 GME incident, while the latter involves fundamental improvements such as the Tesla case. Short selling offers potential profits, but the risks are extremely high. Investors should pay attention to the short interest ratio, liquidity, and fundamentals to develop effective prevention strategies and avoid significant losses caused by a short squeeze.

2025 is a pivotal year for the Chinese Renminbi. After experiencing three years of continuous depreciation, the Renminbi finally broke through the psychological threshold of 7.0 at the end of the year and has now stabilized around 6.96. This not only marks the end of an era but also signifies that the Renminbi's outlook has entered a new development phase. Driven by China's export resilience and the reallocation of foreign investment into Renminbi assets, major international investment banks are optimistic about the Renminbi's trend, predicting further appreciation in 2026.
So, what is the outlook for the Renminbi? Is 2026 a year worth paying attention to this key currency pair? Let's analyze from multiple perspectives.
The story behind the Renminbi ending three years of depreciation and breaking through the 7.0 threshold
To understand the Renminbi's future, we first need to see what has happened in the past. Throughout 2025, the USD to Renminbi exchange rate fluctuated within a wide range of 6.95 to 7.35, with a cumulative appreciation over the year