$EURAUD is facing two scenario's. If it makes a new high, we will be looking at the 5' as a potential target and an exit at the Geo Off-Set Rule. If it starts to decline and breaks the 2-4 line I would look for an exit at the 1-4 line. Wait for a sell setup before entering the trade. For more lessons on the Geo Off-Set Rule please visit: www.tradingview.com
Hello Traders, Here I am attempting to define points 4 and 5(5') in this prospective Geometry'. My target for point 4(T1) is at 0.94126. Once this target is reached, I will be looking for a completion of an AB=CD pattern at 0.96754(T2). This will in turn prompt a reversal to 0.94126. Depending on when the target is hit, we will either get a target at Geo's...
Hello Traders, Here we have a nice short set up for USDSEK. I'd look for a short in the vicinity of the red box which would give us 5'. Regardless of 5' hitting or not my target is still set on 8.11510 because there is such little difference between point 1 and 4. Pay attention to the formation in the RSI, notice how a similar structure is formed. Rule: Geo's...
Hello Traders, Here is a great GEO' for GBPCAD. I recently closed out my short(related link) and am now looking to short based on this Wolfe Wave formation. Although we surpassed 5' we did not hit 5". This calls for Geo's Off-Set Rule at point 4 to be considered as a target. Also take notice of the ab=cd pattern completion. Notice how the pattern completed at...
Here we have a Wolfe Wave for Crude Oil, CL1!. Price broke the 1-3 trend line but did not quite reach 5'. Therefore, we look at the 1-4 line as a target. The arrow pointing to the 1-4 line does not signify the path price will be taking. It is simply a visual tool. I should also mention, I do not have a stake in Crude Oil. I am comparing the movement of this...
Hello Traders, Here is a nice short set up for GBPUSD. The Wolfe Wave completed at point 5 so I will be looking at the 1-4 line as an exit target. Best, Chartistry
Hello Traders, $AUDNZD created a bullish Wolfe Wave at point 5'. Interested to see how this one plays out. Best, Chartistry
Hello Traders, I am a bit late to this one. However, GBPNZD broke across and closed across the 2-4 line. I'd open a short confidently at this stage and look for the 1-4 line as an exit. Best, Chartistry
Hello Traders, EURUSD has formed a bearish Wolfe Wave at point 5. The pair was halted at the 0.618 point of cd in the ab=cd pattern I'd look for before entering the short. Geo's Off-Set Rule at 1.12139 is a high probability target followed by the 1-4 line. Best, Chartistry
Hello Traders, This pair offers us a great short set up at point 5. I would look for the 1-4 line as the exit point. Best, Chartistry
Hello Traders, Here is a beautiful set up for CHFJPY. I would get added confirmation of the up move if and when an inverse head and shoulders is created. Pay attention to the green highlighted section and the reaction we see from there. Best, Chartistry
Hello Traders, I am expecting a large move up to complete the Wolfe Wave, the ab=cd, and the Geo'. From there I will look to short this pair with an exit at 1.38173. I will be paying attention to the Fib level's identified in this chart. These levels can potentially act as a stomping ground for bears. Best, Chartistry
Hello Traders, Here is a nice set up for a short trade. I will be looking at the 0.886 level of the cd in the ab=cd pattern for a short entry. This is a trade that I will take with caution as there could be potential to hit 5". As of right now, I have my eyes set on Geo's Off-Set rule at point 4 as an exit. Updates to come further in the trade. Best, Chartistry
Hello Traders, EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960. When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target. Best, Chartistry
Hello Traders, Here we have another Wolfe Wave set up in the AUDUSD pair. Look for a long entry in a smaller time frame or simply enter once the 1-3 line is broken and the bar/candle closes above the 1-3 line. Another thing I look for before I enter the long/short is a completion of an ab=cd pattern. To distinguish point 'a' I look for the lower high created...
Hello Traders, There are a few things I want to pay attention to in this Wolfe Structure. 1. The first is the ab=cd pattern. This is something that can be found in almost every Wolfe Wave and can help determine when price is done moving in any particular direction. The main AB=CD I want to focus on is the one with capital blue letters. This AB=CD pattern can...
Hello Traders, The moves against CAD are going great thus far (reference GBPCAD and USDCAD in related ideas). Here is another high probability move to the upside. Since we hit 5' we are looking at a high probability target of 1.00261 at Geo's Off-Set rule. Best, Chartistry
Hello Traders, Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters. Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as...