justatrader

Wolfe Waves - As it happens

BATS:CVX   CHEVRON CORP NEW
345 0 0
Common sense dictates not to trade Wolfe Waves until Point 4 is formed. I've been trading with WW for quite a while and CVX             presents a great opportunity to 'guess'timate how price is likely to move.

So far, we have Points 1, 2, 3.
Currently, we are in the process of Point 4 being established. Price should ideally reverse around $124.44
After which, we expect price to drop to Point 5. So our sweet-zone would be between $114.81 - $111.86.
From $114.81 - 111.86, we should see a price rally, all the way above $127.42.

Let's see how this plays out!!!
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