Nice bullish pattern (WW & Crab) Risk: 0.5% Reward: 4% R/R: 8
Today EURUSD blew away the triangle in both directions to make it merely a flat. Hopefully our stops weren't so big so the loss was bearable. Now it's heading towards our Wolfe Wave target from last week. The interesting fact is that as you can see the Wolfe Wave target has made a tight zone with 38.2% retracement line for the whole leading diagonal that I...
Hello again, I'm witnessing a perfect, textbook Wolfe Wave setup in our greatest pattern forming pair, EURUSD. It's basically a Leading Diagonal, which means it's a First Wave of a new Five Wave down move. But as Elliott suggests, there would be a sharp and fast correction after this 1st wave completes. I've counted the internal waves and as the 3rd wave iii...
While I don't know a lot about the Wolfe Waves pattern, I am wondering if it could be possible that we have one developing on the daily time frame. It may be too early to tell and I'm just jumping the gun a little. I don't think it will become apparent unless we get a point 4 to print on the chart. This will then let us determine the 2-4 line and therefore the...
An interesting pattern is in the making. I gave an first draw, the wedges are not so well defined so it's quite difficult to say if they are valid. All my eyes are on the BTC/CNY pair because this is the one which leads the market right now. For any explanations I forward you to the related idea (see below) where the WW pattern is well explained. To make it...
Wolfe Wave - the Elliott Wave for lazy people. Sometimes an extremely effective tool. Around 16400 - we have strong support zone. If the defense will be successful - we go back to the north. Distribution in progress. www.investopedia.com
Long-term trade, for more infos, check => www.mql5.com
Nice S/R short trade with a bearish WW pattern showing-up, increasing the probability of a down-swing. Proper price-action confirming the selling vision. Target @ next Support with confluence with the EPA Risk: 0,5% Reward: 3% R/R: 6
UK took a big hit today with GBP opening gaps -1% over almost all currencies, due to Scotland independence surveys. The short is quite easy and the risk reward very good. * resistance unbroken * GBP in freefall * Instability due to Scotland * And cherry on the cake, we may have a Wolfe Waves Pattern playing there, with Target Price around 6400 (5% Gain).
Bullish WW pattern, Entry @ the 1H time frame with a Pin bar, Trade going with the trend, Risk: 0,5% Reward: Between 13% & 28% (Depending-on when the price hit the Target-line) R/R ratio: Between 26 & 56 (Huge!) Trade management on Daily time frame
USDCAD is developing strong bullish conditions. Not only that this Wolfe Waves (WW) pattern if fueling this upward move, but also * the round low which keep the price over the channel median --> //!\\ The channel is buggy displayed; see the right one here: * the last 3 days hammer where buyers were present. * a possible inverted complexe head and shoulders ...
I have been watching the Wolfe-Wave Pattern recently (thanks to 4xForecaster www.tradingview.com). It Looks like we have a nice setup on Palladium for a correction (or a reversal ?) by -7.5%. * Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue). * Stop loss...
Risk: 0,2% Reward: 3.2% R/R ratio: 16
Weekly WW pattern with proper price action and a nice resistance. Risk: 2% Reward: 30% R/R ratio: 15
Simple wolfe waves pattern with a divergence on the AO Good Risk/Reward
Wolfe waves are known for their accuracy in terms of timing and estimated price, (IF and WHEN they are correct). That said, GBPJPY daily charts seems to have a qualified wolfe wave. The EPA/ETA is 171.9, around 23rd July. If you look to the weekly, the most recent candles was an inside bar and last week made a lower low and a lower high after the inside bar,...