in this case study I present a bearish Wolfe Wave on USDJPY 4-hour Chart.
The risk-reward-ratio are 1:15. This mean for every 1 USD you can win 15 USD. In addition, the rebounce was a few minutes ago exactly on the 1.272 (a typical rebounce fibonacci line by a Wolfe Wave pattern).
Furthermore, I am testing with the new Pinescript Version 4 the auto line functions to predict upcoming Wolfe Wave pattern. Its only a test and isn't published till yet.
For more informations you're invited to follow me.
King regards
NXT2017
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The impulse has began for beweist das trend.
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The impulse has began for bearish trend.
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Now you can close a part of your trade. It isn't a Wolfe Wave pattern... it's the 3th wave of a big wave from Elliott Waves.
please guide me