I’m intrigued by some of you guys and especially the bots in the chat room. Always bombarding the chat rooms with falsified information to lure you guys into selling something worth more than anything asset.
Wolfe Waves work! Here is GOLD Dec contract from early last week. Notice something very important. Wave 3 to Wave 4 is always an a-b-c wave. In this case its a measured move Entry had very limited risk. If point 5 overshoots, expect it to be no more than 1.27-1.5 x height of Wave 4 Look at the target, could go as low as 1410 - 20, which makes it >$150 move in...
HI BIG PLAYERS, in this chart I show my research to Wolfe Wave pattern and how it match to Elliott Waves. My research has shown that there are basically 3 types of Wolfe Waves: 1. on the beginning of EW Leading Diagonal 2. on the wedge (most on correction waves) 3. on the end of EW Ending Diagonal In any testing: trading in Ending Diagonal is really...
According to wolfe wave strategy, the 5th wave should be above the channel. Here we go. 6th wave is the target.
Everything written on the chart!
I just spotted a very nice Wolfe wave pattern. Sadly just right now. But I thought to publish it as education, since it strictly followed the rules. 1. Waves 3-4 must form a channel with wave 1-2 2. Wave 1-2 equals waves 3-4 3. There is regular time between all waves 4. Wave 5 exceeds the trendline created by waves 1 and 3 5. If price rebound above the trendline...
Bearish Wolfe Wave warned the investor that there would be a 20% drop from days before.
Notes on the chart
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...
Not an analysis, though I used recent price changes in CAC40 to illustrate the idea behind Wolfe Wave. Things are never ideal so it remains a theoretical tool but it can help to find out target levels in case of breakout scenarios from converging triangles. The presented example is a bullish scenario but you can do the same for a bearish scenario if the triangle...
Friends, A with lessons and demonstrations offered over the past 24 hours (See $USDTRY, $NZDJPY, ... etc), here is another pair worth looking into, not so much from the perspective of a pending geometric completion, but as an example of developing a contingency plan. Here, we are contemplating a short (green scare representing a conservative, prudent...
Here we have a nearly completed Wolfe wave series. After coming out of the weekend , the Aussie was off to a strong start, but i'm sure a correction is coming around market open. In the mean time , we want the aussie to continue to gain power till Monday market opens, and from there we will be shorting the Aussie/ New Zealand pair. Our entry is based on a Wolfe...
Following is a brief step-wise approach to the refinement I have applied to the Mr. Bill Wolfe's Wolfe Wave (www.WolfeWave.com) pattern. Although in his introductory site (www.WolfeWave.com), Mr. Wolfe insists that no internal geometries needs to supplement this pattern, my encounter with this pattern came originally from a different angle, having discovered my...
Friends, Recently, we entertained a lot of conversation on market geometries, more specifically in discreet geometries that easily come to the eyes, and others a bit more buried in the occults. Of late, we spent some time reviewing Wolfe Waves patterns, which offer the pattern trader that "next level" of market geometry complexity, given a set of rules that are...
Wolfe Waves Pattern: Aftermath ... Lesson | $AUD $NZD #RBA #RBNZ #forex Friends, Last March 06th, I presented a potential short signal based on an advanced geometric pattern called the Wolfes Waves pattern. Now that its 1-4 Line was hit and price nearly hit our defined TG-1 = 1.05260 (missed by a mere 4.3 pips, unless you generously front your take-profit...