Hello Traders, Targets at Geo's Off-Set Rule and 1-4 target line.
Hello Traders, Here is a bearish Wolfe that completed at 5". This will give us a target at Geo's Off-Set Rule #3 at point 3.
Hello Traders, After reaching the Geo's Off-Set rule in my previous USDCAD chart, we have a bullish Wolfe Wave that formed. This is similar to GBPCAD as well. You can look at the links below.
Hello Traders, A few days ago I posted a smaller time frame GBPCAD chart. That chart is the internal Wolfe in this one. With such great confluence this makes a swing to the upside a very probably move. You can refer to my previous chart in the related link below. Best, Chartistry
Hello Traders, Here we have a Wolfe Wave pair similar to CADJPY, we hit point 5 last week and now would be a good time to short this pair using the Wolfe Wave pattern. This cancels out the previous chart I posted on CHFJPY(linked below). Best, Chartistry
Hello Traders, Here we have a Wolfe Wave & Geo structure that is pointing DOWN after the current bullish run. A couple of things to note here. 1. This Wolfe Wave structure is still speculative since point 4 has not been defined. But, with the use of Fibonacci Extensions and ab=cd patterns I have defined a probable level where point 4 can be found. Point 3-4...
Hello Traders, Similar to my CL1! and USOIL charts I posted yesterday. Chesapeake Energy formed a very similar structure. I would be interested to see how well these 3 charts correlate with one another. The charts I am referring to are found below. Best, Chartistry
Hello Traders, Similar to CL1! we have a bearish Wolfe Wave in USOIL. I would cautiously enter a short trade here with tight stops.
Hello Traders, Here is another short term demonstration for the Wolfe Wave. There is always a Wolfe Wave forming in the process of completion, or already completed in markets since it is a naturally occurring pattern. This post and my previous post on AUDUSD is a great example of that fact. Best, Chartistry
Hello Traders, Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe. If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be...
Hello Traders, $EURGBP completed a bearish Wolfe Wave at 5'. I would look to enter the short on Monday and exit at the Geo Off-Set Rule.
Hello Traders, I'd look to sell the breakout of the 2-4 line, if we get a consolidation after that, look for a retest of the 2-4 and enter a short at that level as well.
Hello Traders, A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside. Here we have a perfect setup for a bullish move. 1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a...
Similar to my USDCAD idea referenced below. EURCAD has formed a Wolfe Wave of its own. Looking at the 1-4 line as an exit.
Hello Traders, There is a bearish Wolfe Wave, there is a possibility we will hit 5' so I would cautiously enter shorts in this trade. This also invalidates the previous Wolfe Wave chart I posted on CL1!. You can view that chart below.
Hello Traders, The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave. Best, Chartistry
Here we have a Wolfe Wave that completed. I would look for a break of the 2-4 line and a confirmation of support to enter this trade.
Hello Traders, If you've followed my charts you know that I post most daily charts and four hour charts. This week I will look for set ups within the hourly time frame to better demonstrate the Wolfe Wave.