simple steps to identifty Wolfe

W

winstonn

Well-Known Member
#42
#42
Hi jay,

you have shown another wolfe on Ajax's chart. Good try buddy!
but i think point 5 does not touch or penetrate 1-3 trendline, so this is not a valid wolfe , and market may not fall to the target as expected!

With Regards,
Winston:)
 
Ajax

Ajax

Well-Known Member
#43
#43
Hi winstonn & jai

I have already shown stop loss position in 4th wolfe setup
However, with so much profit already in hand one could take a little
risk with a protective call. So short is time frame, one needs quick
decision.
What jai has drawn is an extended wolfe wave with 1 2 3 4 5 6 7
pattern. It it meets other symmetry criteria than the results will be
sure shot. Take postion, even if u have to sell ur house.
Lets see what happens today.

BTW I have made a PPT prsentation of above Nifty trade but file size
is ~ 990K. Cant post on Traderji. Please tell me where to upload it

regards

Ajax
 
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