simple steps to identifty Wolfe

[winstonn]

Hi Amit,

great finding!

just see below more refined chart , your identification is right , but you should have matched the 1-3-5 trendline.

keep on good work!!!!!

Regards,
Winston

 

[Ajax]

Hi Amit & Winston

Gr8 work. but look at bigger picture...

This wolfe is a part of Gartley formation which is in turn handle
of Cup & handle formation..... pattern within pattern within pattern
For more .... visit KISS like McGrath

regards

Ajax

 

[winstonn]

Hi Ajax,

wow! you made a trade for all types of traders.
but in between, for gartleys , CD should be more than 127% of BC , please check up for this chart , and also AB should be atleast 61.8% of XA ,

hey buddy check all these details so that we wont be on the wrong side!
regards,
winston

 

[Ajax]

Hi winstonn\\

BTW see wolfe wave in action in NIFTY future right now

Ajax

 

[gobatman2001]

Hi Amit,

great finding!

just see below more refined chart , your identification is right , but you should have matched the 1-3-5 trendline.

keep on good work!!!!!

Regards,
Winston

Hi! Winston,

1) Could you please tell me why you have marked Point 5 beneath the big red candle instead of where I have marked Point 5?

2) Also, if you could please elaborate on "I should have matched 1 - 3 - 5 trendline". I have connected the 1 - 3 - 5 points, or am I doing something wrong?

The reason why I am asking is because I would be identifying wrong wolf wave patterns. I am using Fibotrader.

3) So, this is a valid wolfwave pattern, right?


Thanks & regards,
Amit

 

[winstonn]

hi Amit,

see the chart, 1-3-5 line is correct and your analysis too is correct!!!!!

 

[gobatman2001]

hi Amit,

see the chart, 1-3-5 line is correct and your analysis too is correct!!!!!

Thanks Winston for your help. Really do appreciate it.

 

[RSI]

Hi winstonn\\

BTW see wolfe wave in action in NIFTY future right now

Ajax

Hi Ajax,
Can you please post NIFTY Futures chart where wolfe wave is in action?
Thanks in advance and regards
R. S.Iyer

 

[Ajax]

Hi RSI

Heres minute chart of Nifty future today and
see wolves in action and enjoy

Ajax

 

[winstonn]

Hi Ajax,

saw ur charts! first three wolfe waves were bingo!!!!!
but the fourth one was a wolfewave and the stop is blow out , i dont think so it would be advisable to keep open short position as per your time frame.