$CADJPY Smaller Wolfe Wave Nears Completion at Point 5

FX:CADJPY   Canadian Dollar / Japanese Yen
Hello Traders,

Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe . If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be interesting to see how this plays out.

Side Note - The dotted orange line represents an invalidation line, something I picked up from 4xforecaster. In order to know when the projected Wolfe is invalidated, one must take the parallel of the 1-3 and place on the current point 4. If price surpasses this line, then the current Wolfe Wave is invalidated. You can view more cool lessons from 4xforecaster here:


Acting as forecasted. Will update this chart once point 5 is hit.
Trade active:

Short position active. Point 5 reached.
Trade closed manually: More room for upside, I'd be looking for 5' and even 5" as area's to short. Updates to come.

5' hit and reacted. Now looking for an opportunity to short. Will stay up to date with this one.
Trade active
Trade closed: target reached
I beg to differ on this one
GWaves PRO ChimbOt
Hi @ChimbOt, on a smaller time frame that very well could be the case. However, I do not have a particular direction set on this pair until this final Wolfe is completed/invalidated. It will be interesting to see what happens with this geo
JDiggs GWaves
To reply on @ChimbOt, it hit point 5 and actually completed the smaller Wolfe and cancelling the larger Wolfe. Making it a good time to short or long?
Hi @JDiggs, I am currently in a short but will quickly close my short if the market continues to move upward. We could have a 5" scenario here where the larger Wolfe completes it's Geo Off-Set rule at point 4(green line). If that scenario plays out then we will look at point 3 of the smaller Wolfe as a high probability target.
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