Hello Traders, Here we have 3 Wolfe Wave's(WW) WW #1 - In the grey dotted line. This WW is near it's target at #1 Geo Off-Set Rule at point 4. The Geo Off-Set Rule here plays a role in the next 2 WW's. WW #2 - In blue dashed lines. This WW is internal to both the first and third(in purple) WW's. The Geo Off-Set Rule in the first WW act's as a point of reversal...
In the 4 hour time frame EURNZD completed a bullish Wolfe Wave. If it breaks the 1-3 Line then I would look for 5'. If 5' is hit, I would consider the GEO OFF-SET rule at point 4 for an exit. If the 1-3 is surpassed and 5' is NOT hit, then the 1-4 target line remains in force as an exit. -Best
A bit late on this pair. But there is a clear Wolfe Wave set up. Will watch this for further updates and formations.
Extremely similar to the NZDJPY idea referenced below. A bit late on this one as well. Not the ideal set up but still a nice trade. 2-4 line has already been broken. High probability move to the upside.
Hello Traders, CADJPY completed a Wolfe Wave at 5'(5 prime) and is now looking at the Geo Off-Set Rule at point 4. An entry at this level will be of moderate risk.
EURJPY eyeing the GEO OFF-SET RULE at point 4. If we see further decline to 5" look for point three as your next probable target.
Here is a potential long entry for GBPUSD. I have marked the Aggressive, Moderate, and Conservative Entries. Aggressive Entry - With more potential downside to 5" an entry at 5' is high risk. Moderate Entry - A break above the 1-3 trend line confirms the upward move and would be a solid entry. Conservative Entry - A break above point 3 would be a safe entry for a...
Spotted this Wolfe Wave in USDCAD, curios to see if the 5' and GEO OFF-SET rule play out here.
Potential Wolfe Wave 5' and 5" targets. Confluent with Fib extensions. Curious to see how my first published attempt at a Wolfe Wave Plays out.
Hello All, As previous support of 285.00 was recently broken. Fib Level 1.618 (208.86) is looking like the next support level for BTCUSD. You will notice that at 10/24/2013 This is was the first level of resistance for the fall rally. Making this a very significant level of support. Interesting to see how this will play out.
My last Fibonacci chart seemed to work out quite well as price respected all Fib Levels. I have added the levels of 0.114 : 0.886, and 0.75 to this chart to see how well the market will respect these levels. I have also put the 50% retracement level on the first price high of this rather small rally. Would be interesting to see if price will indeed reach the...
No real prediction here. Curious to see how well this chart will respect the Fibonacci sequence.
My first stab at posting a chart over looking the big picture of BTCUSD.