Wolfe Waves

[a1b1trader]

Dear a1b1trader,

Yes i got it. Lower timeframe is not the proper way. Thanks sir for pointing out in due time. Please feel free to share. I am just a learner with this new tool.

Thanks

First of all, No SIR please.

No, I do not mean that lower time frame like 1 or 3 or 5 minutes are not good. (On many occasions you will find WW in lower TFs only and not in higher TFs.) They are good to chart, when time span/spread is less say about 1, 2 and 3 hours respectively.

Further, if there exists a WW in 1 min TF spreading over 3-4 hours then it will certainly exist in 5/10 minutes charts also, so it will be better to chart that WW in 5/10 minutes TF rather than 1 minute.

I hope I made my point clear.

 

[Raghuveer]

August NF 5min.

 

[a1b1trader]

Hi

Point 5 has not formed fully.
Though there is a +ww in 1 min TF with similar target of 5950, still in sweet zone

 

[Raghuveer]

Hi

Point 5 has not formed fully.
Though there is a +ww in 1 min TF with similar target of 5950, still in sweet zone

yes, pt5 not yet formed.

Is this the 1min +WW you were referring to ?
Aug NF 1min. Did not see this in time.

 

[Raghuveer]

update: This does not look like a clean +WW. So even if pt5 forms, will not be trading this as a +WW.

August NF 5min.

 

[a1b1trader]

yes, pt5 not yet formed.

Is this the 1min +WW you were referring to ?
Aug NF 1min. Did not see this in time.

No
The points time are
11.36
11.44
11.53
12.02
12.04

Yes, Though point 5 has formed but 5 min +ww doesnt seem ww, it is more like a falling wedge only
BO will give points.

 

[a1b1trader]

No
Yes, Though point 5 has formed but 5 min +ww doesnt seem ww, it is more like a falling wedge only
BO will give points.

So friends
Got the much awaited BO

 

[a1b1trader]

+ww in 1 min tf
Target around 5960
Take care

 

[prst]

Thought it was a WW in unitech, but it seems to be a wedge.
is it good to take position now ? or should wait for trend to build up upwards?

 

[a1b1trader]

-ww NF 5 min target around 5760

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