Chartistry

$NZDUSD | Bearish Wolfe Wave | Completion @ 0.73744

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
373 5 13
6 months ago
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.

Best,
Chartistry
5 months ago
Comment: UPDATE:1hr

snapshot

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

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

snapshot
3 months ago
Comment:
snapshot


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.

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

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

snapshot


Best,
Chartistry
hassan11
6 months ago
snapshot


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
Reply
Chartistry PRO hassan11
6 months ago
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

snapshot


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:

$EURUSD | Bearish Wolfe Wave | Eyeing 1.12139


and another example:

$CADCHF | Bearish Wolfe Wave Complete


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

$GBPCHF | Target @ 1.38173 | Wolfe Wave & Geo


Hope these examples help.

Best,
Chartistry
Reply
hassan11 Chartistry
6 months ago
thanks a lot sir
Reply
Chartistry PRO hassan11
6 months ago
You are welcome.
Reply
ChimbOt PRO
3 months ago
my guys , good stuff, drop me a messsage
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out