Potential Reversal Reached At Wolfe's 5-Prime | #NASDAQ

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Worth looking into this potential advanced market geometric             pattern: Wolfe Waves . Not all requisite conditions are met (for instance, a perfect bearish Wolfe Waves would require a rising 2-4 Line and 1-3-5 Line. Here, only the 2-4 Line is rising.

As a relaxed condition, I have looked for occult geometric             events that would aggregate all conditions into one. As a result, I have defined the pattern's median rise as an acceptable condition, using the 1-2 and 3-4 midpoints to define a forward projection of the median.

Hope this all makes sense. Although, it's not called occult market geometry for nothing.


David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting

PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark ), or other well known patterns. However, we concentrate mainly on Shark , 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.

While this trader's directional bias is bearish on the technical bases defined above, the predictive analysis and forecasting system remains bearish . On this technical conflict, I would define the aggregate direction as neutral-to-bearish.

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David Alcindor
Predictive Analysis &Forecasting

- All signals, analyses and forecasts are for educational purposes. Do your own due diligence. Use TradingChart.com to share your analyses with me or friendly traders on the site.
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