KISS like McGrath

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darsh_goswami

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Re-posting Rules and Guidlines for a Perfect wolf. To Avoide InValid Wolf.

Rules for Bullish WolfeWave Structure

Please note the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a top we are assured of beginning our count on a new wave. (The reverse would apply for a bearish wave.)

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The 2 point is a top.
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The 3 point is the bottom of the first decline.
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The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
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The 4 point is the top of the rally after point 3.
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The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
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Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4.
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Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.





Vice Versa for the BEARISH WOLF WAVE.

PLZ DO FOLLOW RULES.

REGARDS,..
DARSH
 
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robin_malihan

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here is a perfect example of bearish wolfe wave after which trend of maruti completelly changed.........

hope everyone who want to learn will get benifited from this ....




Robin
 
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robin_malihan

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@robin , one dumb question , this wolfe is applicable to intraday charts also ? . BTW thanks for posting .


wolfe wave occur on all time frame and in all type of exchanges like forex,commudity ,futures , options as well .


Robin
 
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robin_malihan

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This is what a trader like me would love to see

hope everyone will enjoy the bearish jorney for gold as it is forming a wolfe wave ...............:D




Robin.
 
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darsh_goswami

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Another Chart of ABCD, No magic , Just Keep It Simple ,..


Wait for higher pivot to enter , by keeping Stop below Point D. Calculate the Risk Reward , And finally come up and say YES SIMPLE THINGS ALLOWS U TO BLOW TOP AND PICK BOTTOMS ,.. Will soon post Bearish setup also.

< Disc- I personally dont hold this stock. >

Regards,..
Darsh
 
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