About meI`m a 35 year old trader from cologne/germany.
I use Wolfe Waves and Fibos as well to trade the markets for nearly 3 years.
I`m interesstet on some PA stuff like spike/ledge ( L. Raschke ), 80-20`s and pattern ( Cypher;Gartley;Bat, Shark,Butterfly ).
After a 5 wave impulse we hit the 0.618 ret./1.414 ext. to create a chance for an entry. Target are the 1.13 extension. We are in time to( Fib.Time hits the 0.618 level ) at the 0.618 ret./1.414 ext. to open the position
In the Wheat M60 chart we see some 5 wave formation. We are on the way to finish the 3. wave. The subwave 4 is build in the next few h. and we have a chance to trade the correction after subwave 5 to create wave 4. We see the fibo time level 0.618 -1.618. In that area the market has to drop back. If the market do we have a nice entry
A new chance to trade a nice Gartley Pattern in structure! S/L is in fav. of my setup you can change the point if it dont fit your style. Target is at the 38% fibu ret. 50% and 61% is another target if you want to
In the S&P500 we see a nice BAT PATTERN. In the 3 day cycle ( Taylor Trading Technique ) we also be in the CD2 ( at monday )or sell day with a high last at CD1.
After that the BAT ist perfectly fine to enter the market at monday.
The candle that was build on friday answer all other q`s.