Market is not in trending condition (refer to almost flat 100 period Moving Average). Bearish Wolfe Wave formed in this ranging market to achieve price equilibrium.
Bear WW near Supply/Demand area & SR level. Price has entered 161.8% Fibonacci level and showing reversal move. TP is at Ichimoku flats (ichimoku flats is a strong SR level).
Bull WW near SR level and Supply/Demand Area. Currently market is in sideway movement (refer to flat 100 period Moving Average). No strong SR level is found although several SR level is detected, the SR level is not a significant one and just to make sure price stays in ranging movement.
Bear Wolfe near SR level. Pending point 5 entering Sweet Spot Triangle before price is expected to go down. However if price surpassed the red horizontal line, please dont take this setup as WW.
Bearish Wolfe Wave formed near SR level.
Price has surpassed the 161.8% Fibonacci level, so this trade will be a very good SL:TP ratio (about 1:6).
Incomplete Wolfe Wave forming at SR level. Point 5 pending it's creation. Only go for a long position when price breakout from 1-3 line and reacting to Fibonacci levels and reenter 1-3 line.
This is too much. I never trade Wolfe Wave without firstly finding point 4. I just got this idea of using trendline and Ichimoku cloud to predict where point 4 might be forming. Please note, if the price enters the "POINT OF NO GO!" red box, do not take this trade as a Wolfe Wave. Point 5 should breakout the 1-3 line, react to Fibonacci level (127, 162, 200) and...
Bullish Wolfe Wave near demand level
Incomplete Bearish Wolfe Wave near supply area expecting price to go down as soon the price reached the supply area at Wolfe Wave point 5 completion.
Incomplete Bearish Wolfe Wave near supply area
Incomplete Bullish Wolfe Wave at Uptrend Pullback.
Bearish Wolfe Wave formed near SR level and supply area
Bearish Wolfe Wave near SR level
Wolfe Wave forming near strong SR level and Demand area. Only go for long position when after price break out 1-3 line and reenter 1-3 line.
Wait for the price to break the 1-3 line and reached the 127.2% or 161.8% Fib level and reenter 1-3 line before taking a short position.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level . Only go for a long position when the price has broken the 1-3 trend line and showing reversal move.