Hello Traders,
Here we have 2 converging Wolfe Wave's where the smaller Wolfe Wave completing at the 1-4 line creates point 5 of the engulfing Wolfe Wave. The 5' line is in play but it is rather unlikely in this scenario.
Here we have 2 converging Wolfe Wave's where the smaller Wolfe Wave completing at the 1-4 line creates point 5 of the engulfing Wolfe Wave. The 5' line is in play but it is rather unlikely in this scenario.
Note
Point 5 hit, now looking for a bullish move.
Trade active
Long position in place.Note
Larger Wolfe Wave has been invalidated. Smaller Wolfe Wave is still active. If you missed the first entry. Now would be a good time to enter.I will update this pair showing only the smaller Wolfe Wave.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.