Hi Traders, The Bull Trap on the 5-wave Wolfe Formation worked exactly and was tested at 1,120x. A bear bar is opened towards the bottom of the trend line where 1 - 3 - 5 points converge. We just have to be patient and wait for TP points.
@forexboat,
I never liked the last move, it shouldn't have come back so quickly.
CollegeofPips
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End of wave five. lets see the drop soon.
W2WCM
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@CollegeofPips,
It should not rise above the 5th wave, it should form a fast reversal bar so that it can form and support a double hill.
Sales outlook shifts to negative.