Activision Blizzard on 6th May had both - Earning surprise : 0.03 0.13 +333% (!) - Sales surprise: 656.71 703.00 +7.05% All good to break previous ATH. We had a sane pullback the following session at 24.18 level and then the weekly close finished over 25. Def. a stock to watch for and fundamentally, because they released a year old Free2Play game called...
We recently broke the Support in USDCAD in the Daily timeframe and started falling sharply down. I tried to assign the Wave Counts for this down movement up until now. We're currently facing a bearish contracting movement with overlaps in a bearish background which is called an Ending Diagonal . Some call it a Wolfe Wave and as Mr.Wolfe suggests the upside...
Wolfe Wave Characteristics: The Symmetry of Waves 1 to 2 is the same as waves 3 to 4 If wave 2 is sharp then it would find support at wave 2 of 1, and if it was flat then it would find support at the Wave 4 of 5 if 5 was extended, or at the main wave 4 itself if wave 5 was not extended then it would find support at main wave 4 of the same degree The Waves 3...
1. Potential bullish Wolfe Wave 2. Wave 4 is due its decline 3. Strong resistance @ 0.78 level. 4. Price Action indicating Bulls are losing steam on all TFs. Based on Wolfe Wave rules, one must enter on wave 5. However if you can spot the geometry early and forecast where Wave 4 will begin then why not enter at wave 4? R
Following is a step-by-step demonstration of my own approach to Wolfe Waves detection, analysis and trading application. This does not constitute or represent Mr. Bill Wolfe's lesson on his namesake pattern, the Wolfe Wave (www.WolfeWave.com). $EURGBP - H4 Chart: Instead, it represents my own interpretation based on a preceding interest in occult market...
We have a big ABC countertrend move: A leg is a simple impulse B leg is a beautiful abc move C leg is an ending diagonal (Or Wolfe Wave if you prefer) For the Wolfe Wave setup the shorts could be taken now, but the problem is that the stop placement is gonna be too subjective. For the longer term ABC pattern trading I would have a more probable and...
I have a few short positions on this pair and I wish to take profit @1.4500. It will be at this level where I will wait for bullish price action in the 1.4400-1.4300 handle. I am basing this idea on the following confluences which are clearly displayed on the chart. 1. Potential Wolfe Wave in the process of completing Wave 4. 2. Price in a clear downtrend and is...
Objectif - Red trend line, final objectif 1034 Small addition to the bevel : 2 objectives can be treated first and then the wolfe bevel upward expanding Francois Baron said the following in terms of return on objective starting point for 60% of the average output is of the order of 20% in 80 % of this decrease does not exceed 30% figure so upset enough low, but...
1. Bullish Wolfe Wave pattern breakout 2. Broke and closed above Weekly Swing high 3. Price Action indicating that it will test the Fresh Supply at handle 96.56-96.89 4. This is a continuation of the trend We should see $ strength in March so I will be using this analysis to my advantage on $ pairs like GBPUSD, USDCAD, USDJPY, and AUDUSD. I am not very certain...
1. Wolfe Wave pattern breakout 2. RSI breakout 3. Gap to the upside 4. Bounce off daily Trend Line R
I am forecasting a strong rally to 1.2900 handle based on the Wolfe Wave pattern. If Crude Oil drops then this should weaken CAD and give this the rally it needs to break the strong Weekly Resistance above WW4. What is the Wolfe Wave? (according to Forex Factory) Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of...
I've spot an interesting risk/reward trade based on Wolfe Wave pattern Limit: 1.0449 and beyond Long: 1.0348 Stop: 1.033 More info about the WW: ii.mypivots.com thepatternsite.com
As you can see in the chart, this whole down leg (from mid November) has been a sequence of break support, make lower low, retest breakout level (support turned resistance), break support etc. You can see in the chart where each retest has occurred and we are now at that level again. We are also ~$10 off the 10 November 2013 low. To me this says we should see a...
Short-term idea. Bearish Wolfe Wave Pattern to find a good entry on the metal bullish move which is brewing.
After reaching almost 2100 (2092.6) PA turned down, broke 2079 (previous high level) and as mentioned yesterday on Twitter came into the 2017 resistance. Currently at TL of the Wolf Wave. The target of this bearish move is around 1960.
Healthcare stocks (XLV) in general look overbought. Pfizer looks like it has completed a wolfe wave and could retrace back to $30. See annotations on chart.
NO longer a valid pattern!!!! It all comes together. I see a 3 drive to a bottom lining up for nice Wolfe wave run and a 5th Elliott wave down ending a little tiny bit lower into the middle of the trend channel. I'm bullish the cross. Safe trading ladies and gents! @BLawrenceM
Nice bullish pattern (WW & Crab) Risk: 0.5% Reward: 4% R/R: 8