Common sense dictates not to trade Wolfe Waves until Point 4 is formed. I've been trading with WW for quite a while and CVX presents a great opportunity to 'guess'timate how price is likely to move.
So far, we have Points 1, 2, 3.
Currently, we are in the process of Point 4 being established. Price should ideally reverse around $124.44
After which, we expect price to drop to Point 5. So our sweet-zone would be between $114.81 - $111.86.
From $114.81 - 111.86, we should see a price rally, all the way above $127.42.
Let's see how this plays out!!!
So far, we have Points 1, 2, 3.
Currently, we are in the process of Point 4 being established. Price should ideally reverse around $124.44
After which, we expect price to drop to Point 5. So our sweet-zone would be between $114.81 - $111.86.
From $114.81 - 111.86, we should see a price rally, all the way above $127.42.
Let's see how this plays out!!!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.