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glennmercer glennmercer PRO EURCAD, 60,
EURCAD: EDUCATIONAL:  Wolfe Wave Example
118 6 10
EURCAD, 60
EDUCATIONAL: Wolfe Wave Example

Hey traders, here is an example of a typical bullish Wolfe Wave setup. Price creates two converging descending trend lines. Point five often overshoots and touches the parallel of the 2-4 line, presenting an entry opportunity. Profit is taken at the 1-4 line. For the bearish setup, the lines must be converging and ascending, and same rules apply. Trade with ...

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