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,...