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
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
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.