Her we have a Contracting Triangle that will possibly give the Bears a chance to take Charge , notice that Price descended below the bottom trend line and then came straight back up for a retest , if Price closes below the Lower Low now then it is possible for Price to continue being Bearish.
Wolfe Waves within Wolfe Waves and lets see if there will be another one if this correction is over .
Here is a Offset Wolfe Wave that Failed at point 5 , once Price closes higher than Point 5 then you either Buy or wait for a better place to place your trade , in this case i was also following the Elliott Wave Count that kept me being a Bull as you can see there is now a possibility of a Correction , i will update the chart on a Lower time frame in the next week...
Here is a Geo Wolfe Wave , meaning that that 5' is a Parallel of the 2-4 Trend Line . Please trade your own Rules and trade what you see.
Typical Wolfe Waves within Wolfe Waves with such a good risk reward here .
Here is a very good example of a Wolfe Waves which can also bee seen as ABCDE patterns with the 1-4 Line being used as Target points for possible corrections ,now if we hit that 98.00 area then that will be a new Bearish Wolfe Wave with possible target points on the descending side .
Here is a Bearish Wolfe wave with Points of interest .
Here i am looking a few possible situations that will possibly pin point the completion of an Elliott Wave 5 Wave. Here is also most likely a Ending Diagonal marked in Minor Wave Count (i) to (v). Also notice the Wolfe Wave that i have marked and that is also just a Short term and lower time frame Trading possibility .
Here we have a possible Correction and if you have patients you can take advantage, just set your Alerts and Watch list . Please trade your own Plan and your own Rules . Trade what you see.
Watch the reaction of Price at the Bottom of this Wedge .
Hello Traders, Here is a Bullish Elliott Wave Wedge Pattern , for all technical reasons you can wait for the Breakout and take advantage of the Correction but you can also look at getting Involved at Point E with a low Risk Reward . Please trade your own Rules and your own plan . Trade what you see. Watch the video on ABCDE Pattern www.24elliottwaves.com
The setup here is good and you can take full advantage of this if it is within your rules . As you can see on the Chart i have highlighted the Wedges and the Wolfe Wave .
Notes is on my Chart , i am expecting Wave (iv) now
Here is a possible Ending Diagonal with Price Retracing down to the 0.786 Fib .
Wolfe Wave with an extend 5 to 5' also making a possible correction at the Bottom of the Wedge .