Chartistry

$AUDNZD Wolfe Wave. Looking for Point 4

FX:AUDNZD   Australian Dollar/New Zealand Dollar
Hello Traders,

Here we have a developing Wolfe Wave for AUDNZD             . The goal of this post is to find point 4, which can be rather elusive.

Highlighted in grey is a Wolfe Wave that completed. As this Wolfe Wave was forming we created an ab=cd pattern that gave us points 1 and 2 of the developing Wolfe Wave. Point 2-3 formed as the first Wolfe Wave completed at it's 1-4 line trajectory.

You'll also notice that I drew the 1-4 trajectory line without point 4 being present. My goal here is to see what role the anchor, highlighted in green, plays in developing point 4 of this developing Wolfe Wave.

Discussions are encouraged along with your ideas of this pair.

-Chartistry
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