Wolfe Wave
short toward 1.89pair is about to complete a wolfe waves on 4H
as the pair has monthly TK of ichimikou and daily EMA 200 above itself as strong resistance
we believe that pair will move lower as it hits to above mentioned resistance as depicted on the chart with purple rectangle
target of the bearish move is around 1.89 as the it is target of wolfe wave
any comments please share
tnx
first 1940 then 1750gold already completed a wolfe waves on 4H timeframe and came back to its channel but before its continuation for deep bearish move toward 1750 as the target of wolfe wave we believe that a pullback to 1940 will happen as a normal move
this pullback is also aligned with our ichimikou flat kijensen magnetic effect
please share if you have any comments
tnx
buy toward 1.9if pair can move up and stable above purple rectangle depicted on the chart then pair will be ready to start a rally toward 1.9
the trend line and neck line needed to be broken and then we will be rest assured to enter buy
an inverse head and shoulder will help us to be more determined for buy position but we should wait to pair stable above neck and trend line
the target specified by ichimikou
for simplicity i turned off ichimikou and EMA 200
any comments please share
tnx
Iron Mountain (IRM) ..... A Short Term Peak ??Iron Mountain (IRM) has had a 35% run in 35 days.
I have indicated a Wolfe Wave formation which projects a $48 target in early May.
Overlay this with a Harmonic Crab Pattern which is the basis of forming.
(For purists this developing Crab pattern may not meet their more exacting criteria.)
Additionally the indicator in the bottom panel suggests a forming top and needs to roll over.
Nevertheless I would suggest that around the $59 area if archived, may be a good place to extinguish existing positions or even short.
If this doesn't happen then drive on to another situation ,,, never chase.
That's what I will be watching for to take action on.
I will update this as warranted.
Not investment advice, do your own diligence and respect broad markets and World events.
Good Luck
S.
COUP 45m wolfe wave 4/22/2022A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
COUP 45m wolfe wave 4/18/2022A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Long EURUSD. Wolfe Waves technique at attempt.Find buy opportunity now at EURUSD. Wolfe Waves technique at attempt.
TP1: 1.1300.
News:
EUR/USD to advance nicely towards 1.13 by year-end – Nordea