Here i have a Wolfe Wave Defined with Points 1-5 as indicated on my Chart.
This is a very good Risk reward Trade with a possibility of 1600 Pips (IF PRICE GETS THERE) but all indications of Fib Analysis as well as Trend Line projections seems to be Directed at the same point of Price Intersection .
You can hold and target other Price Correction and add as you go .
Trade what you see and please trade your own plan as this is only educational.
This is a very good Risk reward Trade with a possibility of 1600 Pips (IF PRICE GETS THERE) but all indications of Fib Analysis as well as Trend Line projections seems to be Directed at the same point of Price Intersection .
You can hold and target other Price Correction and add as you go .
Trade what you see and please trade your own plan as this is only educational.