eurusd, hourly, "Bullish Wolfe Wave "

FX:EURUSD   Euro / U.S. Dollar
103 3 5
buy @ 1.0900 for 1.1020 minimum....trade provide good RR as well.

Good luck !
Hi, It's not a bullish wolfe wave since those are found at market bottoms or in corrections of an up-trend. It does meet the pattern but because it's not in the right environment it's not valid. I've traded and studied wolfe waves for 2+ years by the way. Cheers.
kopparam kosai19
thanks of your input, i will be more carefull before posting any views
kosai19 kosai19
I should add that it doesn't mean the pattern can't work. It just doesn't meet the criteria of a "real" Wolfe Wave. Because of that the underlying geometric properties that "springboards" price towards its targets aren't there. That's why Wolfe Waves work so well, the 1-4 line acts like a magnet with the geometric property of the "springboard" effect propelling price to test the level.
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