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Wolfe-wave

Wolfe Waves Example!This is not a forecast or a signal! it's just an example of an occasion which a pattern like Wolfe Waves worked well ! This chart has almost followed the rules of Wolfe waves , unless the first point is not exactly on the right place! 1st point: Start of the wave 2nd: First top of the channel 3rd: First low of the channel 4th: Second high of the channel regarding thee pivots! the next 2 pivots are useless since they are not a place to be considered as a Wolfe waves' points! 5th point: as it should be broke to channel! Open Trade: OT is breaking back to channel! Stop Loss: SL is just below the 5th point in long option and reverse of it, in short trades! I personally distinguish the pattern so late! but the Wolfe waves is a great way to find very profitable trades which is not so trending in these days
Education
by AliSignals
THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned: I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5. And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction. This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal. It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic. Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully. Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend. If you have any questions, feel free to ask in comments or PM me.
OANDA:UK100GBPEducation
by OceanBlue
Bullish Wolfe Wave Pattern I just spotted a very nice Wolfe wave pattern. Sadly just right now. But I thought to publish it as education, since it strictly followed the rules. 1. Waves 3-4 must form a channel with wave 1-2 2. Wave 1-2 equals waves 3-4 3. There is regular time between all waves 4. Wave 5 exceeds the trendline created by waves 1 and 3 5. If price rebound above the trendline created by waves 1 and 3 then BUY 6. Sell Limit gets adjusted to an extended trendline that we draw from wave 1 to 4
BITFINEX:BTCUSDEducation
by has1988
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