Hello Traders, I spotted a Wolfe Wave already underway. We just retested the underbelly of the 2-4 line. This would be a good short at the current level. An exit at the 1-4 line would secure profits.
Hello Traders, Continuing the theme of this week, here is a Wolfe Wave in AUDNZD, also bullish.
Hello Traders, Following the theme of this weeks chart. Here is another Wolfe Wave that is underway on the hourly time frame in the US Dollar Chinese Yuan Pair. Look for an exit at the 1-4 Line
Hello Traders, Here we have 2 converging Wolfe Wave's where the smaller Wolfe Wave completing at the 1-4 line creates point 5 of the engulfing Wolfe Wave. The 5' line is in play but it is rather unlikely in this scenario.
Hello Traders, We have 3 Wolfe Wave's here that I want to take a look at. 1. The first Wolfe Wave on the left completed in late 2014 at the 1-4 target line. 2. While the first Wolfe Wave was carving its path to the 1-4 line. A second Wolfe Wave formed. Here we created a 5" structure with the Geo's Off-Set Rule #3 at point 3. 3. The final Wolfe Wave was...
Hello Traders, Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete. If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND...
Similar to CADJPY, CHFJPY also completed a Wolfe Wave at 5'. Now looking at the Geo Off-Set Rule at point 4 as a target. For detailed analysis and teachings of the Geo Off-Set rule please visit: www.tradingview.com
Spotted this Wolfe Wave in the 4 Hour chart. Looking at the 1-4 line as a target.
NZDUSD was held at the 0.382 Fib level. Poised to reach 1.618 and if it breaks the blue trendline will reach 2.618.
Here is a potential short trade. Looking at 5' as potential entry and the GEO Off-Set rule as an exit. The GEO Off-Set rule has been thoroughly explained in the threads of @4xForecaster. Take a look at his profile for a great explanation of the rule. www.tradingview.com
Hello Traders, In this Wolfe Wave I want to highlight the internal moves between the points. Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on. ab=cd Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in...
Hello Traders, Here we have a developing Wolfe Wave for AUDNZD. The goal of this post is to find point 4, which can be rather elusive. Highlighted in grey is a Wolfe Wave that completed. As this Wolfe Wave was forming we created an ab=cd pattern that gave us points 1 and 2 of the developing Wolfe Wave. Point 2-3 formed as the first Wolfe Wave completed at it's...
Here is a forecast of the Dollar Index based off of the Wolfe Wave and Geo's Off-Set Rule #3. Geo's Off-Set Rule #1 = 1-4 Line Geo's Off-Set Rule #2 = Point 4 Geo's Off-Set Rule #3 = Point 3
$NZDCAD created a bullish Wolfe Wave in the 4hr time frame. The structure completed at 5' so we are looking at the Off-Set rule at point 4 as a target. Happy Trading.
In the daily time frame. EURNOK formed a Wolfe Wave. I am a bit late on this one but it is till a nice setup to enter a short and exit at the 1-4 line.
1-4 Line target. If we break below point 5 we will look at 5' and follow the GEO OFF-SET Rule
Here is a great setup for AUDCAD, I am waiting for a break of the 2-4 line to enter a long position. A less probably scenario is highlighted in grey.