KISS like McGrath

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i think marking of point 1 is not the end of decline so it just seems to be an arbitragae low and not correct labelling . lets see what seniors have to say

not a wolfe for my money but polaris was awesome i must say
 
members do comment on bearish wolfe wave of mah seamless as on 11/6/2007
Rule No.1 : 3 clear swing points ( 1, 3, 5 ) must be symmetrical in time.

But in this case, the time frame from 1 to 3 is more than that of 3 to 5.

This can not be considered as bearish wolfe wave, though there is a wedge (converging in the same direction).

Am I correct Mr.Ajax ?

Your student in w/w class, waiting for my result after exam,
instaalert
 

Ajax

Well-Known Member
Hi insta & ops

Bang on target. This is wedge .. yes. Wolfe .. no
Symmetry is 'the' factor when u look for wolfe.
No symmetry no wolfe

Regards

Ajax

PS: Have a look at Corp bank chart posted earlier. Chart me aap
symmetry pe gaur keejiye
 
hi ,

sir i read rules on wolfe wave from http://www.wolfewave.com/an_illustration_along_with_the_rules.htm and it doesnt talk about symettery . the example of which can be found on the next page of this site in which there doesnt seem to be any symettery in time frames . a few more examples are also available on http://www.wolfewave.com/A_chart_example_on_a_stock.htm

Kindly suggest me a site to find more on wolfe .


with regards,
 
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