"The markets can remain irrational longer than you can remain solvent."
Wolf Wave indicator 59 replies
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DislikedI am not a Wolfe Wave expert, but this is up for discussion. Brexit target. {image}Ignored
Disliked{quote} Hi diamond, I never say never, but it looks like price has already dropped below your point 4. I usually find it easier to draw the wedge shape first. That is connect 1 &3 then 2&4. Price should stay within those bounds except for point 5 which is usually just beyond line 1 - 3.Ignored
DislikedI'm in this CadChf long. It's about 1:2.1 R:R. On these, my plan is to only take those offering 1:2 minimum. Update: Cratered. I'll have another look after markets open. {image}Ignored
DislikedNot too many waves posted lately, so I thought I'd post this one that triggered in the NY session yesterday{image} There was a couple of spots you could have entered, but generally I like to enter on a close below the 1 - 3 line (for upward wedge). Price didn't quite make it to the traditional profit target, but hit two of the alternate targets: 1. horizontal line from point 4 2. 62% fib of the whole pattern.Ignored
Disliked{quote} Hi PK, I was wondering, should point 1 not be the highest point (up to that point)? There was a higher point just to the left which could be point 1. {image}Ignored
DislikedOK, out of the lab, for the moment. Just saw this in EurAud M15. To me, it looks valid. Weigh in if you have any comments... Please. The Red vertical, arrow, and circles may be the textbook target areas. Comments on this, please, as well. {image}Ignored