URGENT !!!
Wolf Wave (BEARISH) in todays Reliance intraday chart. Winstonn and Ajax can you help us in this formation with the targets???? Time interval between points 1-2 2-3 3-4 & 4-5 is almost identical.
Personally, I have seen many Wolf waves just continuing the wave trend or breaking out in the opposite direction (opposite from what is predicted by WW theory).
That makes it more of an academic tool, than of real use.