Description
⋅ HI BIG PLAYERS,
in this chart I show my research to Wolfe Wave pattern and how it match to Elliott Waves.
My research has shown that there are basically 3 types of Wolfe Waves:
1. on the beginning of EW Leading Diagonal
2. on the wedge (most on correction waves)
3. on the end of EW Ending Diagonal
In any testing: trading in Ending Diagonal is really high-risk because you trade against the trend!
The easiest Wolfe Waves I done with Wedge Pattern. This have 2 advantages:
- you trade direction is into the trend
- correction waves are easier to identify in the Price Action
I hope this education helps somebody.
If you like this, you are invited to follow me.
Kind regards
NXT2017