For those traders familiar with the Wolfe Wave technique, it rarely, if ever, fails. Once properly identified, backtesting shows an accuracy unmatched by no other. Its such a simple technique, yet requires training the eye to spot.
Much like painting, it's subjective in terms of charting.
Presented here is a Bearish wave, where the structure points upward. Long story short, combined with the below modified stochastic as used by Linda Raschke (The "Anti' pattern), a very explosive move can be expected in the next FEW MONTHS.
By this chart alone, *every single long* should be liquidated if your holding period is longer than 6 months. Don't be fooled by any rally and don't kid yourselves - the bull market is over.
This technique does nothing more than simply identify where the next move is likely to occur given market balance/imbalance.
This is a monthly chart and a massive move down toward 16K is very possible in the next few months, 2 years.
Much like painting, it's subjective in terms of charting.
Presented here is a Bearish wave, where the structure points upward. Long story short, combined with the below modified stochastic as used by Linda Raschke (The "Anti' pattern), a very explosive move can be expected in the next FEW MONTHS.
By this chart alone, *every single long* should be liquidated if your holding period is longer than 6 months. Don't be fooled by any rally and don't kid yourselves - the bull market is over.
This technique does nothing more than simply identify where the next move is likely to occur given market balance/imbalance.
This is a monthly chart and a massive move down toward 16K is very possible in the next few months, 2 years.