Wolfe Waves

Wolfe waves are broadly seen as an extension of Elliott waves. They form patterns consisting of 5 waves where the first 4 define a wedge and the last extends beyond this wedge. This last wave is usually traded. Using the Wolfe wave principles, we can calculate its length by drawing a line between point 1 and point 4 on the wedge and extending this in the direction of the breakout of wave 5. It functions as the profit target line.

The wave preceding the fifth, could exceed the extended trendline from 1 to 3, before making a large move in the opposite direction. This is the ideal entry point for a trade towards the profit target line. There are concrete rules that define a Wolfe wave pattern which is known to be highly accurate. There is even a rule for when price reaches its target. As with any trading method, several variations exist. Trades based on this system usually have tight stops compared to the profit target, making for good reward / risk ratios.
HZeno80 HZeno80 DXY, 240, Long , a day ago
DXY: USD DXY _ H4
20 0 4
DXY, 240 Long
USD DXY _ H4
AB=CD + Wolfe Wave Bullish.. target will be wave no 6 Good luck
Teekid Teekid PRO AUDJPY, 240, 7 days ago
AUDJPY: AUDJPY Wolfe wave correction
51 3 5
AUDJPY, 240
AUDJPY Wolfe wave correction
bearish pattern.
hehe hehe SPX, D, Short , a month ago
SPX: $SPX - Wolfe Wave - Carefully short
475 0 18
SPX, D Short
$SPX - Wolfe Wave - Carefully short
... this is #ratehike scenario. If our aunt will remain dovish - forget it! GL! http://www.investopedia.com/terms/w/wolfewave.asp
akrmelo10 akrmelo10 EURUSD, D, Long , 5 days ago
EURUSD: EURUSD
127 2 8
EURUSD, D Long
EURUSD
Wolf wave , Eliot , Harmonic( Cypher) All (SHORT)
johnmad johnmad PRO AUDJPY, 120, Short , 3 days ago
AUDJPY: AUDJPY 2 HR
46 0 3
AUDJPY, 120 Short
AUDJPY 2 HR
Hello Traders, Even though i have marked the 2 Wolfe Waves , i will be very careful if you are going to take a trade on based on bigger targets because the possibility's are as follows . 1. Price can continue to retrace to Target 1 as i have shown being the Geo Offset Line 1-4 for a possible Reversal. 2. Price can ...
leonov.v leonov.v EURUSD, 240, Short , 2 days ago
EURUSD: EURUSD,240
74 0 5
EURUSD, 240 Short
EURUSD,240
Wolfe Wave
Chartistry Chartistry PRO EURNZD, D, a month ago
EURNZD: $EURNZD | Wolfe Wave | UPDATE
120 0 7
EURNZD, D
$EURNZD | Wolfe Wave | UPDATE
Traders, 5 months ago I posted this chart for EURNZD defining the targets of 1.46653 and 1.42175. So far price has come close to, but just missed, the first target of 1.46653. I have mapped out a potential pathway for price. 1.42175 still remains a high probability target and could be a good short from the level ...
johnmad johnmad PRO CADJPY, D, Short , 2 months ago
CADJPY: CADJPY Daily Wolfe Wave
52 0 10
CADJPY, D Short
CADJPY Daily Wolfe Wave
So here we have a lot of events that happened . The Cypher and Trend line as Shown hit exactly at a possible Correction and a new Point 3 for a Possible new Wolfe Wave to follow and trade . I have marked the point of interest as Price Retraces but in my view a 50% retracement is highly possible . Trade your own ...
motawfik motawfik CL1!, W, 2 days ago
CL1!: CRUDE OIL WEEKLY
99 0 3
CL1!, W
CRUDE OIL WEEKLY
Wolf wave
johnmad johnmad PRO USOIL, 60, Short , 6 days ago
USOIL: USOIL 1 HR
65 1 3
USOIL, 60 Short
USOIL 1 HR
Point 4 of the Wolfe Wave Defined , there are 2 points of Possible Target's Defined . Trade your own Rules and and your own Plan Trade what you see
johnmad johnmad PRO NE, 240, Long , 7 days ago
NE: NE 4 hr
59 0 2
NE, 240 Long
NE 4 hr
Here we have some Harmonic's , Fib's and the start of a Wolfe Wave which will only become more clearer in the Future . I have shown the Node's as to the Support and resistance points . 8.38 Area is a very big possibility of a re test and after that the 161.8 Fib extension at 10.80 there will be corrections on the ...
johnmad johnmad PRO GBPJPY, 240, Long , 9 days ago
GBPJPY: GBPJPY4 hr Multipal Harmonic's
158 2 10
GBPJPY, 240 Long
GBPJPY4 hr Multipal Harmonic's
As per my Chart markings there are multipal Text's . Price hit the Wolfe Wave 1-4 Line on the Dot and it is a Good R/R trade even if it goes down with another 100 Pip's. Please trade your own Plan and your own Rules Trade what you see
johnmad johnmad PRO GBPCAD, 240, Long , 11 days ago
GBPCAD: GBPCAD 4 hr
64 1 6
GBPCAD, 240 Long
GBPCAD 4 hr
Here I have defined possibility's of Points of interest that could lead to a Correction Point . You have to have Patients and wait it out or create an Alert as a reminder for when Price reaches that level , the game here is WAIT IT OUT . There is a possible Wolfe Wave , an ab=cd, a possible Cypher a a Trend Based ...
RyanGillespie RyanGillespie USOIL, D, Short , 13 days ago
USOIL: Short USOIL, Wolfe Wave Short .
130 0 4
USOIL, D Short
Short USOIL, Wolfe Wave Short .
WW Short, Target $40
Chartistry Chartistry PRO AXP, D, Short , 18 days ago
AXP: $AXP | American Express Short | Wolfe Wave
65 2 9
AXP, D Short
$AXP | American Express Short | Wolfe Wave
Traders, $AXP is offering a short opportunity before an even larger move to the upside. I would naturally expect a reaction off the 1-4 line. However, depending on the violence of the move down we might see lower lows than the 1-4 line level. For now, American Express looks like a good short. Best, Chartistry
Chartistry Chartistry PRO WLTW, D, Short , 18 days ago
WLTW: $WLTW | Willis Towers Watson Short | Wolfe Wave
28 0 9
WLTW, D Short
$WLTW | Willis Towers Watson Short | Wolfe Wave
Hello Traders, The Wolfe Wave is already underway in this chart but the model suggest a great entry point at the level of 122.28. As always I expect the Target to be the 1-4 line of the Wolfe Wave. In this case we are looking at the 94.36 level as a high probability target (Highlighted with green ...
forker forker PRO NKE, D, Long , a month ago
NKE: NKE - RiskReversal On
128 5 8
NKE, D Long
NKE - RiskReversal On
NKE plays on major support level. Price Action and Fork confirmed so I set up my RiskReversal. Earnings ahead...I can take it. Worst case would be to own the stock if all goes bad and I get assigned. I then would just sell covered Calls/Puts to bring down the cost basis (entry point of stock). The WWTGT would be ...
Chartistry Chartistry PRO USOIL, D, Short , a month ago
USOIL: $USOIL | Bearish Rogue Wave | 1-4 Target Line
206 0 10
USOIL, D Short
$USOIL | Bearish Rogue Wave | 1-4 Target Line
Hello Traders, USOIL Recently formed a smaller, internal, WW highlighted in the light blue. When zooming out, we can see that it is part of a larger WW/Geo' that is at work here. As of this moment, I do not expect any higher highs to ensue in USOIL until the current Wolfe Wave/Geo' is complete. Best, Chartistry
123456... Show More Ideas
Market
Interval
Browse
Time
Author
Widgets
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