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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.
finluxbeta finluxbeta NZDUSD, D,
NZDUSD: NZDUSD D1
29 3 4
NZDUSD, D
NZDUSD D1

NZDUSD D1

finluxbeta finluxbeta EURUSD, D,
EURUSD: EURUSD D1
38 0 4
EURUSD, D
EURUSD D1

EURUSD D1 5?

OceanBlue OceanBlue USDCAD, 60, Short ,
USDCAD: USDCAD short idea (H1/H4)
113 0 5
USDCAD, 60 Short
USDCAD short idea (H1/H4)

Hello, All! CAD FX:USDCAD has been continuously strengthening versus USD since May 2017. The last major breakout of the previous support level of 1.233x occurred on 06 September. After that, the pair was moving inside the ascending triangle which is most likely to be the accumulation phase prior to the next major move. If indicated point 5 is reached, it will ...

fx_oanda_trader fx_oanda_trader EURUSD, 60,
EURUSD: EURUSD Wolfe wave
80 0 3
EURUSD, 60
EURUSD Wolfe wave

Just spotted the wolfe pattern in EURUSD h1. The line connecting 1-4 is the target for the price and point 5 is where we go long in this case.

fx_oanda_trader fx_oanda_trader NZDUSD, D, Long ,
NZDUSD: NZDUSD Long Setup
91 1 6
NZDUSD, D Long
NZDUSD Long Setup

Price is near a long term trendline which could act as a support even if we are in the middle of a corrective structure and the price could drop below it. But i'm waiting for a setup like the one on the left.

iznogood iznogood USOIL, 60, Short ,
USOIL: Probable bearish setup, WW po5" with ab=cd, fib's confluence.
202 2 9
USOIL, 60 Short
Probable bearish setup, WW po5" with ab=cd, fib's confluence.

Details on the chart.

BoumrahEsmail BoumrahEsmail PRO GBPUSD, 240, Long ,
GBPUSD: Look for a touch higher with trendline
131 2 8
GBPUSD, 240 Long
Look for a touch higher with trendline

Long the breakout

BBN91 BBN91 DCTBTC, 60, Long ,
DCTBTC: DC/BTC BULLISH WOLFE
175 2 2
DCTBTC, 60 Long
DC/BTC BULLISH WOLFE

As I said in SC/BTC, the same thing happens here. But here I do not expect as aggressive rise as SC/BTC. If prices cut the green line, it will be a good time for gradual sale.

OceanBlue OceanBlue DXY, 60, Short ,
DXY: USD Index/DXY short idea (H1)
74 0 3
DXY, 60 Short
USD Index/DXY short idea (H1)

Hello, All! USD Index TVC:DXY is currently forming the slightly incorrect bearish Wolfe wave. I would like to underline that this pattern is not a classic one as I'm ignoring extremely long lower shadow of the candle at point 4. After August NFP/employment/wages data missed forecasts, the USD crashed badly in just 1 min, but returned back to the pattern's ...

forexistanbul forexistanbul PRO NDX, D, Short ,
NDX: nasdaq100 daily
413 0 16
NDX, D Short
nasdaq100 daily

nasdaq100 daily chart

GWaves GWaves PRO EURUSD, D,
EURUSD: $EURUSD Wolfe Wave, Eyeing Point 5
446 8 21
EURUSD, D
$EURUSD Wolfe Wave, Eyeing Point 5

Hello Traders, Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete. If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND ...

GWaves GWaves PRO EURUSD, 60, Long ,
EURUSD: $EURUSD | Gwave | Model | Bullish Targets
178 2 8
EURUSD, 60 Long
$EURUSD | Gwave | Model | Bullish Targets

Hello Traders, EURUSD has formed a Wolfe Wave in H1. Both Gwaves and my Model are pointing to the same area (highlighted in green). I don't expect new highs to be taken out just yet as the larger time frame suggests lower lows (see related link).

BoumrahEsmail BoumrahEsmail PRO EURUSD, 180, Long ,
EURUSD: Target @ 1.185
85 0 5
EURUSD, 180 Long
Target @ 1.185

Ending diagonal pattern

joeXgamer joeXgamer RDDBTC, D,
RDDBTC: rdd
185 0 2
RDDBTC, D
rdd

rdd wolfe

21ivan22ivan23ivan 21ivan22ivan23ivan GBPJPY, D, Long ,
GBPJPY: GBPJPY_Daily
143 2 7
GBPJPY, D Long
GBPJPY_Daily

https://www.tradingview.com/x/Jp1hik9C/

GWaves GWaves PRO EURJPY, 240, Short ,
EURJPY: $EURJPY | Wolfe Wave & Model Pointing Down | Targets Defined
125 1 4
EURJPY, 240 Short
$EURJPY | Wolfe Wave & Model Pointing Down | Targets Defined

Hello Traders, With the confluence of the Wolfe Wave and my model pointing in the same direction, EURJPY is a high probability sell with very little risk from this level.

dr.ib979 dr.ib979 NZDJPY, 240, Short ,
NZDJPY: NZDJPY- 4H
61 1 6
NZDJPY, 240 Short
NZDJPY- 4H

We are in the phase of formation of THE 5TH WAFE OF Wolfe Wave, which happen to be AB=CD (harmony pattern). Wait for the breaking down signal !

OceanBlue OceanBlue USDCHF, 240, Short ,
USDCHF: USDCHF BEARISH PROJECT (H4)
101 0 6
USDCHF, 240 Short
USDCHF BEARISH PROJECT (H4)

The bearish wave formation was completed by creation of double top at point 5 supported by RSI divergence at H1/H4. After the test of 2-4 line area, the price retraced to 61.8 of previous move and provided opportunities for opening short position. It is possible that the price will re-test 1-3-5 area once again before beginning the descend. Both this level and ...

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