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