No question is silly.
Yes wolfe is applicable to all scrips/future/commodities any thing
Make sure u select scrips which are actively & heavily traded.
Most common is Nifty ofcourse. (Not maniplutable)
I had made Powerpoint presentations on wolfe & posted somewhere
I am searching for it. Will post, if I get it.
Meanwhile you can go thru wolfewave.com.
Nifty future regularly exhibits wolfes. In all time frames (min to weekly)
I will post , when I can spot one (during or after market hours)
regards
Ajax