Deja-Vu: Wolfe Waves In #nikkei | $jpn225 #BOJ #forex $JPY
Friends,
Recently, we entertained a lot of conversation on market geometries, more specifically in discreet geometries that easily come to the eyes, and others a bit more buried in the occults. Of late, we spent some time reviewing Wolfe Waves patterns, which offer the pattern trader that "next level" of market geometry complexity, given a set of rules that are really quite simple.
Looking at the Nikkei, I had a sense of deja-vu. In fact, I even had to look up what this French expression would translate into Japanese - Wike says: "dejavyu" - Again, another sense of deja-heard. But it's just me.
The chart itself comes very a-propos considering the topic of market symmetries and now Wolfe Waves, as a near perfect symmetry is setting up over the months ahead.
First, at the bottom right of the chart, a Wolfe Wave (arguably, a Diagonal Triangle of the Ending type for the Ellioticians), completed the prior abysmal descent through a Bullish type of Wolfe Waves pattern ("WW").
That completion was signaled at the point (circled in GREEN in the chart) when price crossed over the upper boundary of the WW. As price rushed into the blue yonder, it coursed its way all the way up to its 1-4 Line, which is customarily known as its Profit Line.
Note how the current Bearish WW is setting up.
A quick note on the contents of the chart: You will notice that the words "tunneling" and a long rectangular feature within each of the patterns. In prior lessons on the WW, I would ask traders new to the pattern to add a measure of assurance that the pattern they are looking at is indeed a WW. And this is simply done by looking for a pathway which appears in most WW patterns, as if price had moved out of the way to allow for the safe passage of the 1-4 Line. This feature, although not mentioned by the author of the WW (Bill Wolfe), is a signature trademark that I would be looking for to ensure that I am seeing what I need to see, sort of an obligatory deja-vu ... Again.
Feel free to visit the "Predictive Analysis & Forecasting" Room where many occult geometries are discussed, along with trading pearls and other less-public sanities - Here is a link: www.tradingview.com/chat/ .
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------------------
Twitter: @4xForecaster
-------------------------
Recently, we entertained a lot of conversation on market geometries, more specifically in discreet geometries that easily come to the eyes, and others a bit more buried in the occults. Of late, we spent some time reviewing Wolfe Waves patterns, which offer the pattern trader that "next level" of market geometry complexity, given a set of rules that are really quite simple.
Looking at the Nikkei, I had a sense of deja-vu. In fact, I even had to look up what this French expression would translate into Japanese - Wike says: "dejavyu" - Again, another sense of deja-heard. But it's just me.
The chart itself comes very a-propos considering the topic of market symmetries and now Wolfe Waves, as a near perfect symmetry is setting up over the months ahead.
First, at the bottom right of the chart, a Wolfe Wave (arguably, a Diagonal Triangle of the Ending type for the Ellioticians), completed the prior abysmal descent through a Bullish type of Wolfe Waves pattern ("WW").
That completion was signaled at the point (circled in GREEN in the chart) when price crossed over the upper boundary of the WW. As price rushed into the blue yonder, it coursed its way all the way up to its 1-4 Line, which is customarily known as its Profit Line.
Note how the current Bearish WW is setting up.
A quick note on the contents of the chart: You will notice that the words "tunneling" and a long rectangular feature within each of the patterns. In prior lessons on the WW, I would ask traders new to the pattern to add a measure of assurance that the pattern they are looking at is indeed a WW. And this is simply done by looking for a pathway which appears in most WW patterns, as if price had moved out of the way to allow for the safe passage of the 1-4 Line. This feature, although not mentioned by the author of the WW (Bill Wolfe), is a signature trademark that I would be looking for to ensure that I am seeing what I need to see, sort of an obligatory deja-vu ... Again.
Feel free to visit the "Predictive Analysis & Forecasting" Room where many occult geometries are discussed, along with trading pearls and other less-public sanities - Here is a link: www.tradingview.com/chat/ .
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------------------
Twitter: @4xForecaster
-------------------------
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