Here i have identified a Wolfe Wave and a Possible Ending Diagonal ,would like to see Price Behavior within that Wedge .
I have this on my radar and closely watching these 2 possible Wedge's .
If i have my count rite there is a Correction here , an Ending Diagonal and a Wolfe Wave , a very nice Risk Reward Trade here .
Bearish Wolfe Wave Defined wit a perfect Ending Diagonal , targeting the 0,786 Fib being the possible completion of a Cypher . Also watch the RSI as there is Negative Divergence . Trade your own Rules and your own Plan . Trade what you see.
Traders , This is my First Video i am posting and i tried to do it Mute so that you can see what i am looking at ,hopefully this will make your mind work and at the same time smile at my stupidness . This in all regards is a very good Risk Reward Sell . Please trade your own Rules and trade what you see.
Here we have an Ending Diagonal on the Weekly/Daily Chart and as i have posted the 15 Min we have a Good Risk Reward Trade if we are patient and place our Limit orders , depending on your Rules and trading Skills you can also place Buy and sell orders as Price develops. There is also a very nice Wolfe Wave there that can help to indicate a possible intersection...
Here is a very goo example of a Wolfe Wave Completion and a very Good Risk Reward Trade .
Watch the Ending Diagonal completion as well as the Wolfe Wave Completion for a Correction .
As shown on this Chart we have 3 Wolfe Wave The Magma one ended at 5'' and some times Traders find it difficult to understand the Price action but you also have to understand the Primary Important Elliott Wave Theory that works Hand in Hand , Point 5'' ended at an Elliott Wave (Diagonal Wave ) Currently we have a Red Wolfe Wave and A Blue Wolfe Wave within the...
Here is a possible Correction where we have the completion of an Elliott Wave Ending Diagonal.
Traders , Here is a good Example of a Wolfe Wave where price Meets the Geo 1-4 Line . In addition there is a Leading Diagonal as well as a Zig Zag Pattern and this is very informatively explained by a Trader that i have huge respect for , his name is George Trio and he has a website where he has free Videos of Explaining The Elliott Wave Principal , these...
Perfect Ending Diagonal with Price ranging within that Chanel.
I use Fibonacci Theory in all my trading decisions , a lot of times i am wrong just to come back and see what had really transpired between Price and Fib's . My chart say's it all and i have 2 Sell Limits locked in , at Market now and at the 161,8 Fib . Please follow your own Rules and trading ideas and trade what you see.
Let's look at the 2 Wolfe Waves here which are different but very much trade-able . The Wolfe Wave on the Left is a Typical Wolfe Wave with points 1 to 5 ,where price made a correction at point 5 and is very clear as RSI was spot on with Long term Divergence ,also look how Price made a correction Dead on the Extended 1-4 line, IF you took note of this Wolfe Wave...
Here i have a Wolfe Wave Defined with Points 1-5 as indicated on my Chart. This is a very good Risk reward Trade with a possibility of 1600 Pips (IF PRICE GETS THERE) but all indications of Fib Analysis as well as Trend Line projections seems to be Directed at the same point of Price Intersection . You can hold and target other Price Correction and add as you go...
Trading the Trend Line intersection, my Question would be how far will it really fall ? For now i am targeting the bottom of the Chanel.
My target for a High and possible point for a Correction has just about been hit and my forecast for the possible new Bearish trend is all indicated on my Chart .
Geo Wolfe Wave defined with AB=CD Extension .