It depends on the context. If wave is a common noun, with new used as an adjective of the common noun, then no.Example: Right after the first wave, the tsunami produced a larger new wave.
But if it is the official Proper Name of something, then yes you would capitalize it.
The group, New Wave, performed at the concert.
I found a hair product called New Wave(TM).
New and Year should be capitalized but resolution should not.
No, you do not capitalize the word drama.
do you capitalize the word protestant
do you capitalize roaring twenties
Yes, you always capitalize "Cuban."
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New York City should be capitalized with each word starting with a capital letter.
Yes, New Year's resolution.
A New Wave was created in 2007.
The duration of A New Wave is 1.57 hours.
Yes.
The New Wave was created on 1994-04-11.
New Wave Hookers was created in 1985.
New Wave Productions was created in 2007.
New Wave Salsa was created in 1990.
New Wave
Yes, you should capitalize the word "Northern" when referring to a specific region like Northern New York.