GBPCAD - 1H - CWW (mapped on 15M - chart 1H)
AB=CD completion very close to 161.8% extension
AB=CD completion very close to 161.8% extension
My new journey with Wolfe Waves... 6 replies
Elliot Waves/Demark Waves 2 replies
about Wolfe Wave theory? 3 replies
Traders who completed the Wolfe Wave course already. 0 replies
Help needed to build a Wolfe Waves Expert Advisor EA 3 replies
Disliked{quote} Thanks, good point , i hope problem has been solved for now , I am trying to complete the new version soon{file}Ignored
DislikedHi Expo, in a situation like this (EJ 1H) with a possible AB=CD completion right at the BRN 120.00, where would you start scaling? As said, I'm not used to go counter trend and that would make me start scaling at 161.8 ext down to the BRN but maybe it's too conservative? Thanks {image}Ignored
DislikedARGH im confused. Do we have a simplified of a bullish chart? Im trying to compare my thinking but all my charts are bullish and the 1st page only shows a bearish rules. How do I workout where C goes? Is this correct ? {image}Ignored
Disliked{quote} Hi Lm I wouldn't be scaling in until the 200FIB. I zoomed out to show the strong support at 120. If price makes it down that far, you can imagine there will be a lot of demand heading into the 120 area. I would start scaling in with very small positions first. Hopefully the chart is self explanatory. Well spotted wave though and best of luck with this trade if it happensIgnored
QuoteDislikedARGH im confused. Do we have a simplified of a bullish chart? Im trying to compare my thinking but all my charts are bullish and the 1st page only shows a bearish rules. How do I workout where C goes?
Is this correct ?
Disliked{quote} If I correctly read your chart, it doesn't seem a WW. In a descending pattern X should be a swing low and it's always between points B and C.Ignored
Disliked{quote} Yes, the lines are not converging you are correct. Point 4 in this case it above point 2 and therefore I accept that this is not a standard wave. Apart from the fact that the SPTRD (US500) was selling off at the time, the context was good for a reversal up given that we were at the bottom of a bear channel whilst at the bottom of a broader bull channel - therefore a duelling lines pattern and a confluence of support. An expanding triangle had also just completed and that is trading range price action so I was looking for additional reasons...Ignored