$NZDUSD | Bearish Wolfe Wave | Completion @ 0.73744

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
382 5 14
Hello Traders,

NZDUSD             has created points 1,2,3,4, and is now looking to complete points 5 and 5' of this bearish Wolfe Wave .

One indicator I use to know if a Wolfe is complete is the use of ab=cd .

ab is the move from point 2-3. ab=cd , therefore you must clone the ab line and place it on point 4. The completion of this move points to 0.73744.

The Geo' in this case would be completed at 5'(5 prime). Following Geo's Off-Set Rule I would be looking for a completion at point 4, 0.66750.

Comment: UPDATE:1hr


Geo' completion at 5' Geo's Off-Set Rule #2 at point 4 as a target. Also consider larger Geo' in original post.
Comment: UPDATE: Look for a big move down starting next week.

Comment: UPDATE: Geo and AB=CD pattern complete. Now looking at Geo's Off-Set rule as a target.


Next week can be the start of Wave 3 of an Elliot Wave Impulse move to the downside. The red arrows in no way represent the trajectory of the Impulse Wave. It is simply a visual.

Geo's Off-Set rule remains in force.

Comment: Update: Geo's Off-Set Rule still remains as the highest probablity target. Expect a down move in an impulse wave fashion.

Comment: UPDATE: Anyone in a short position, be weary of this Wolfe Wave pointing in the opposite direction.


my guys , good stuff, drop me a messsage

i am sure you would have seen that chart.. i have been following you and i really do support your ideas.. just wanted to know your view on that chart
GWaves PRO hassan11
Hello Hassan, Yes this is 4xforecaster's recent update.

I was just looking at the chart I posted. It looks like the ab=cd pattern was stopped short by Fib's 0.618


I have seen a few scenario's where the ab=cd pattern will get stopped out by a fib level. Typically 0.618(0.382) or 0.114(0.886). The numbers in the parentheses being the inverse fib levels.

You can see the same occurring in EURUSD in the chart below:

and another example:

Most time's however, the ab=cd pattern completes. The fib level gives you another layer of knowing the key levels of reversal.

Hope these examples help.

hassan11 GWaves
thanks a lot sir
GWaves PRO hassan11
You are welcome.
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