Wolfe Wave

[prst]

seems like WW on hindalco weekly

 

[Raju]

Friends,

Is the 2nd point marked correctly ?
Volume on 5th seems ok...

 

[internet_fanbboy]

Possible WW forming in NIFTY 3min

 

[timepass]

Possible WW forming in NIFTY 3min

Doesn't look like a Wolfe Wave. Looks more like an uptrending channel (broken on the downside as I post this).

 

[internet_fanbboy]

Doesn't look like a Wolfe Wave. Looks more like an uptrending channel (broken on the downside as I post this).

Yep. Point 5 was in the making when i posted this, didn't go upto point 5. A pivot high at 5674 was also supporting this, so although not a 100% WW but it was very close to it. Perfect WW are rare imho.

 

[Mattie492]

Volume confirmation is a bit haywire around your point 3 & 5, but yes, Ster is looking quite bullish.

 

[Sultaan]

poss nf 15 mins ww:

 

[Sultaan]

done.... :thumb:

 

[prst]

ttk weekly

a +ve WW developing within a -ve WW.
the larger -WW should complete in a week or so and point 5 should form for the +WW.

looks like both are (almost) converging on a common line , which is 1-4 line for bigger wave and 1-3-5 line for smaller wave.

 

[prst]

ttk weekly

a +ve WW developing within a -ve WW.
the larger -WW should complete in a week or so and point 5 should form for the +WW.

looks like both are (almost) converging on a common line , which is 1-4 line for bigger wave and 1-3-5 line for smaller wave.

point 5 completed today.
also a bullish hammer formed today on the daily.
time to go long..