Short trade set-up WW pattern Risk: 0.25% Reward: 4.8% R/R: 19.2
Long trade set-up WW pattern + Harmonic AB=CD pattern Risk:0.15% Reward: 1.38% R/R: 9.24
Long trade set-up WW pattern Risk: 0.15% Reward: 2.89% R/R/ 19.33
Nice rising wedge with Wolfe wave confirmation needed on double top for 5 and down we go into 942
Healthcare stocks (XLV) in general look overbought. Pfizer looks like it has completed a wolfe wave and could retrace back to $30. See annotations on chart.
NO longer a valid pattern!!!! It all comes together. I see a 3 drive to a bottom lining up for nice Wolfe wave run and a 5th Elliott wave down ending a little tiny bit lower into the middle of the trend channel. I'm bullish the cross. Safe trading ladies and gents! @BLawrenceM
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...
After NFP and some choppy movements more data is now available for our Wolfe Wave trade setup. I've zoomed in on the 1hr time frame and identified the 5 wave down move of the wave ((v)). We're currently forming the wave (iv), After that the last wave of the Wolfe Wave will form and we're gonna place our trade. I've updated the entry price to the 1.272 extension...
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...
Nice confluence with a Wolfe waves & Crab pattern Risk: 0,2% Reward: 4,2% R/R ratio: 21
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
After being stopped-out, another trade set-up showed-up. Price action behave according to the pattern by forming a Pin bar. Risk: 0,5% Reward: 7% R/R ratio: 14
Nice bearish WW pattern combined with a possible double-top, Target @ next support, Divergence on the AO, Risk: 0,5% Reward: 6,5% R/R ratio: 13
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