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Wolfe Wave

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Wolfe Wave

Wolfe Waves are caused by forces of supply and demand that exist in all markets and all time frames. They were originally discovered by Brian and Bill Wolfe. 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 Wolfe Wave analysis technique can forecast an Estimated Price at Arrival (EPA) and an Estimated Time of Arrival (ETA).

The wave preceding the fifth wave, could exceed the extended trendline from waves 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 specific rules that define this naturally occurring trading pattern. 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.
BaliShag BaliShag PRO GER30, 240, Long ,
GER30: 4h bounce at Butterfly + WW 5 or AB=CD + WW 5'
64 0 4
GER30, 240 Long
4h bounce at Butterfly + WW 5 or AB=CD + WW 5'

Dax has been acting rather harmonic lately and now we've got another Butterfly completed on the 4h, while a beautiful bullish Wolfe Wave is in play. I'm still expecting a much larger correction in the long term, but I think we could see a nice run from around here or the bigger daily AB=CB at the fake out in daily + weekly demand, before bears eventually takes ...

iznogood iznogood EURUSD, 60, Short ,
EURUSD: Simple abc near to a WW Po4
76 0 10
EURUSD, 60 Short
Simple abc near to a WW Po4

This is my second try to short the pair close near the major resistance. SL 1.14106 , risk 1% entry 1.13956 TP 1.13508 or.... put SL at BE and let it run (take the potential weekly WW into account) ps1. Trailing stop loss strategy required for the maximum result. ps2. You can see also a 2618 setup! I'm leaving for vacations so I won't update the trade. Good ...

gmgame gmgame PRO ETHUSD, 120, Long ,
ETHUSD: ETH, An overly optimistic Wolfe Wave scenario
623 5 13
ETHUSD, 120 Long
ETH, An overly optimistic Wolfe Wave scenario

I like Wolfe waves. They are simple and dramatic, easy to understand and have a cool name. More importantly, If this is playing out as intended, it means big things will happen for ETH. Given the recent debacle and price debauchery, we could fantasy a scenario in which ETH has way more upside than downside. To support it, we can see a bullish div forming, and ...

OceanBlue OceanBlue GBPAUD, 240, Long ,
GBPAUD: GBPAUD H4/DAILY TRADE (BUY)
31 0 4
GBPAUD, 240 Long
GBPAUD H4/DAILY TRADE (BUY)

After OANDA:GBPAUD reaches indicated point 5, the wave will be completed. The peak confirmation will present a nice opportunity to go long with really good potential target level. Many profits and GL All!

OceanBlue OceanBlue GBPUSD, 240, Short ,
GBPUSD: GBPUSD SELL SETUP H4/DAILY
53 2 4
GBPUSD, 240 Short
GBPUSD SELL SETUP H4/DAILY

FX_IDC:GBPUSD shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643 Tomorrow will be an interesting day as ...

OceanBlue OceanBlue AUDJPY, D, Short ,
AUDJPY: AUDJPY BEARISH WAVE (DAILY/WEEKLY)
53 0 6
AUDJPY, D Short
AUDJPY BEARISH WAVE (DAILY/WEEKLY)

Hello, traders! Both FX:AUDJPY and its FX:NZDJPY counterpart are forming bearish WWs on Daily/Weekly. Though being risky due to its scale and possible price noise around point V, they represent an interesting opportunity to go short. Good luck and profitable week!

BosSDz BosSDz EURJPY, 60,
EURJPY: EURJPY
127 0 5
EURJPY, 60
EURJPY

EURJPY

OceanBlue OceanBlue JPN225, 240, Short ,
JPN225: NIKKEI225 H4/DAILY TRADE (SELL)
121 0 5
JPN225, 240 Short
NIKKEI225 H4/DAILY TRADE (SELL)

Hello, traders! NIKKEI 225 formed a bearish wolfewave and made a good move below the line 2-4 being supported by medium volume. Opened sell position, but as the price bounced from fibo fan 61.8, it may retrace to line 2-4 later. If so and supported by divergence/volume, this can become an opportunity for more shorts. GL All!

ChrisMark ChrisMark USDCAD, 60, Short ,
USDCAD: USDCAD 1H Chart.Geo completes, Eyes 1.3300.
475 1 28
USDCAD, 60 Short
USDCAD 1H Chart.Geo completes, Eyes 1.3300.

Traders, 1- The Geo (WolfeWave) completed its 5-point target at its ectopic 5' level A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave. 2- Internal Geo's structure ...

mili12 mili12 NZDJPY, 60, Long ,
NZDJPY: NZDJPY!!
112 0 9
NZDJPY, 60 Long
NZDJPY!!

LOOKS like a very good bullish wolf Trade only if it breaks the 76.500 Trade with care!! Use risk managment

BosSDz BosSDz GBPUSD, 240,
GBPUSD: GBPUSD
58 0 4
GBPUSD, 240
GBPUSD

GBPUSD

BosSDz BosSDz CADCHF, 240,
CADCHF: CADCHF
65 0 5
CADCHF, 240
CADCHF

CADCHF

BosSDz BosSDz EURAUD, 240,
EURAUD: EURAUD
82 0 6
EURAUD, 240
EURAUD

EURAUD

OceanBlue OceanBlue NZDJPY, D, Short ,
NZDJPY: NZDJPY DAILY/WEEKLY TRADE (SELL)
58 0 4
NZDJPY, D Short
NZDJPY DAILY/WEEKLY TRADE (SELL)

The grand bearish wave FX:NZDJPY is forming on DAILY/WEEKLY time frame. Fibo fan is indicating the possible future location of point V . Being a long-term project, it'll take significant time to reach its goals, but if reached, they're definitely worth* it :-) This idea was largely inspired by beauty and simplicity of Tradewonk's ...

BosSDz BosSDz JPN225, 240,
JPN225: JPN225
27 0 4
JPN225, 240
JPN225

JPN225

iznogood iznogood EURJPY, 60, Long ,
EURJPY: Targeting the WWPo5'
148 0 9
EURJPY, 60 Long
Targeting the WWPo5'

SL<128.037 , risk 1% entry at market (128.45 for me) TP = 129.55

iznogood iznogood EURUSD, D, Short ,
EURUSD: Daily WWPo4
169 0 10
EURUSD, D Short
Daily WWPo4

I'm looking for short setup bellow and close to TL. If the market penetrates the TL we must think obviously how to catch the Bulls. Remember that market doesn't respect our drawings. We just trying to spot areas of interest.

BosSDz BosSDz GBPUSD, 240,
GBPUSD: GBPUSD
17 0 4
GBPUSD, 240
GBPUSD

GBPUSD

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