simple steps to identifty Wolfe
- Thread starter winstonn
- Start date
Members:
I am newbie to this forum and have enjoyed reading every single post and attachment in this thread. I have a few basic questions that I didn't see answers to in any of the posts. If it was in one of them, I apologize for the redundant question.
1.) I noticed that in drawn the 1-3-5 & 2-4 trend lines, some drew from the top/bottom of each bar in a bar chart. Others drew the trends from the closing/opening level in candlestick charts (which weren't the top/bottom of each candlestick). Which method is considered to be more accurate in portraying Wolfe Waves?
2.) For entry, is the entire bar/candlestick supposed to be above/below point 3 before entry? Or, does the bar/candlestick simply need to close above/below point 3?
3.) I noticed there were a few descending wedges drawn in bearish Wolfe Waves. And conversely there were some ascending wedges drawn in bullish Wolfe Waves. Is that an acceptable formation or do bearish Wolfe Waves only get drawn in ascending wedges and bullish Wolfe Waves only get drawn in descending wedges?
Thank you for your input. I value it very much.
I am newbie to this forum and have enjoyed reading every single post and attachment in this thread. I have a few basic questions that I didn't see answers to in any of the posts. If it was in one of them, I apologize for the redundant question.
1.) I noticed that in drawn the 1-3-5 & 2-4 trend lines, some drew from the top/bottom of each bar in a bar chart. Others drew the trends from the closing/opening level in candlestick charts (which weren't the top/bottom of each candlestick). Which method is considered to be more accurate in portraying Wolfe Waves?
2.) For entry, is the entire bar/candlestick supposed to be above/below point 3 before entry? Or, does the bar/candlestick simply need to close above/below point 3?
3.) I noticed there were a few descending wedges drawn in bearish Wolfe Waves. And conversely there were some ascending wedges drawn in bullish Wolfe Waves. Is that an acceptable formation or do bearish Wolfe Waves only get drawn in ascending wedges and bullish Wolfe Waves only get drawn in descending wedges?
Thank you for your input. I value it very much.
D
yeah may be Chintan,..
But wolf occurs with such setups only. If it breaks below point 3 on closing. one can Short it. I'm still not sure its wolf or not. I wish if Winstonn was here. He could have confirmed it.
Anyways ,.. hopefully ,.. Ashishda or someone else will pay attention to it.
Rajeshwari locked today even @ 35.55. Wolf identified @ 30 Rs. No one confirmed it. I dont know why seniors are not making comments.
Anyways ,.. lets see how long this useful thread survives.
Regards,..
Darsh
But wolf occurs with such setups only. If it breaks below point 3 on closing. one can Short it. I'm still not sure its wolf or not. I wish if Winstonn was here. He could have confirmed it.
Anyways ,.. hopefully ,.. Ashishda or someone else will pay attention to it.
Rajeshwari locked today even @ 35.55. Wolf identified @ 30 Rs. No one confirmed it. I dont know why seniors are not making comments.
Anyways ,.. lets see how long this useful thread survives.
Regards,..
Darsh
am very sorry for my late response, since i am involved in small scale equity project.
Rajeshwari do not confirm WW.
Also your next pic AIAENG is not SURELY a WW. Because trendline 1-3-5 and 2-4 diverge!
I would not go long on this scrip because the volume trend does not support the higher highs and higher lows.
On the whole, dont short , or long this scrip....search for other better ones!
All the best!
Winston
Rajeshwari do not confirm WW.
Also your next pic AIAENG is not SURELY a WW. Because trendline 1-3-5 and 2-4 diverge!
I would not go long on this scrip because the volume trend does not support the higher highs and higher lows.
On the whole, dont short , or long this scrip....search for other better ones!
All the best!
Winston
Last edited:
D
Thanx Winstonn,...
Ur feedback is always valuable for a newbie like me. Though I m still waiting for your tutorials about WW. Coz no one knows Wolfs better then Winstonn.
So ,.. please bro. Be kind enough to teach me all what i should know about WW and other patterns.
Thanx again ,..
Regards,..
Darsh
Ur feedback is always valuable for a newbie like me. Though I m still waiting for your tutorials about WW. Coz no one knows Wolfs better then Winstonn.
So ,.. please bro. Be kind enough to teach me all what i should know about WW and other patterns.
Thanx again ,..
Regards,..
Darsh
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