Hello Traders, EURJPY is offering a buy set up using the Wolfe Wave. Target is the 1-4 line. Best, Chartistry
Hello Traders, Here is a wonderful example of a Rogue Wave in progress. A rogue wave explained by Bill Wolfe is as follows: "Sometimes everything is in synch and you will get a rogue wave effect similar to what occurs in the oceans of the world. These can be extremely profitable in the futures and stock market." Although there is a very little mention of the...
Hello Traders, Here we have a completion of a BEARISH Geo' at the exhaustion of the AB=CD pattern. While the underlying pair remains bullish, I expect a retracement to Geo's Off-Set Rule in Grey followed by a continuation in the larger, bullish trend. Best, Chartistry
Hello Traders, Here is a great long set up in AUDUSD. It is currently in a corrective structure and is looking to complete the Wolfe Wave and the ab=cd pattern.
Hello Traders, EURNZD has created points 1, 2, 3, 4, and is now on its way to create point 5. The targets defined give us a better understanding of where this Wolfe Wave will start its path to the potential 1-4 target line. Although the targets defined are BULLISH this pair remains BEARISH in the higher time frame (see related post). As always, the darker red...
Hello Traders, This was an update posted on my previous $NZDCAD Daily chart. This is an internal development of two Wolfe Wave's. I have included Geo's Off-Set rule in grey for the smaller WW but expect price to break through this territory to complete the larger WW. From now on, I will post a song to go along with my charts. Almost like pairing Whiskey with a...
Hello Traders, $NZDCAD is currently in a strong uptrend with no plans of reversing any time soon. However, looking at the overall structure, we can clearly see a Bearish Geo formation. To define points 5, 5', and 5" I always look for the completion of an AB=CD pattern. This is usually a good indicator or where price will reverse in the GEO'. The lines in red...
Hello Traders, $GBPUSD has created points 1,2,3, 4, and is now looking to complete point 5. As always, to define the possible path that price may lead before falling back down I use an AB=CD pattern between points 2-3 and 4-5. In this scenario, I am expecting price to be stopped short of the AB=CD pattern at the 0.114 level. From there I expect the highest...
Hello Traders, I have a larger time frame analysis of EURCAD (related link) that shows an overall bearish move looming in the horizon. Nonetheless, this is a great set up for a bullish move to the upside followed by a reversal back down. The level I am paying most attention to is point D of the AB=CD pattern. I am looking for this pattern to complete the full...
Hello Traders, $CADJPY is offering a move to the upside with the targets defined on the chart. The colors mean the following: 1. Dark Red - High Probability Target, Low Probability Reversal 2. Medium Red - Medium Probability Target, Medium Probability Reversal 3. Light Red - Low Probability Target, High Probability Reversal The internals of this possible Geo'...
Hello Traders, Here is a classic set up of the Geo'. We have a completion of the AB=CD pattern which typically indicates that the Geo' is complete. Since 5' (5 Prime) was not hit I expect a target of the 1-4 line. The target here is based simply off of the rules of the Geo', where: Completion at point 5 = 1-4 line Completion at point 5' = Geo's Off-Set rule at...
Hello Traders, $AUDCHF is on it's last leg of completing a BEARISH Geo'. Targets have been defined. From now on I will have multiple targets defined on every chart I post. The role of the targets are as follows: Dark Red - High Probability Target, Low Probability Reversal Light Red - Medium Probability Target, Medium Probability Reversal Lightest Red - Low...
Hello Traders, $SPX created a BEARISH Wolfe Wave at market close on Friday July 8th. I would look for a short in the vicinity between point 5 and 5'. As it stands, the target is the 1-4 line as far as the Wolfe Wave is concerned. If and only if 5' (5 prime) is hit will I consider Geo's Off-Set Rule at point 4 as the highest probability target. Stay...
Hello Traders, $NZDUSD created a Geo' back in July of 2011 and has since reacted accordingly. Since 5' (prime) was the point at which price started to reverse, I'd look for Geo's Off-Set Rule #2 as the highest probability target for this pair. Also, take note of the internal Wolfe Wave in the dashed lines. Overall, this chart is telling me that Bears will be...
Hello Traders, $CADCHF is calling for a Geo' completion at 5" (Double Prime). Where as, my target for this pair is 0.72652, followed by a retacement back to 0.73843 completing Geo's Off-Set rule #3. As always I look for symmetry in the Geo', (which is a twist added to the Wolfe Wave by 4xForecaster). Always looking for the following in the Geo'. 1. ab=cd...
Hello Traders, I first want to point out that the Wolfe/Geo' in this chart remains purely speculative. One cannot predict a Wolfe/Geo' forming unless points 1-2-3 and 4 have been created. Here are the reasons I have put a potential outline for this WW. 1. To the left of the chart is a completed ab=cd pattern. Notice how point 'a' is not actually on a point?...
Hello Traders, NZDUSD has created points 1,2,3,4, and is now looking to complete points 5 and 5' of this bearish Wolfe Wave. One indicator I use to know if a Wolfe is complete is the use of ab=cd. ab is the move from point 2-3. ab=cd, therefore you must clone the ab line and place it on point 4. The completion of this move points to 0.73744. The Geo' in...
Hello Traders, Here is my first published idea using a simple 1-2-3-4-5, A-B-C, Elliot Wave Count in confluence with Wolfe Wave. A couple of things to note here. 1. There are 2 potential Wolfe Wave's in this scenario. As a disclaimer, I want to mention that a Wolfe cannot be properly called a Wolfe until point 4 has been created. At this point these Wolfe's...