Wolfe Waves

[a1b1trader]

NS -ww 60 min tf tgt 5775 8.10.13

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[a1b1trader]

NF +ww 3 min tf tgt 5990 8.10.13

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[a1b1trader]

This one hasnt yet completed but just on the verge of completion, if price opens gap down OR flat and moves down a little.

NF +ww 1 min TF tgt 5970 (If moves around 5950 - 45) 8.10.13

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[Gandhar.]

NS -ww 60 min tf tgt 5775 8.10.13

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but NF hasn't formed this WW due to the fat finger so point 3 is changed which should we consider?
if this is plotted on NF then point 5 hasn't formed yet it would require NF to go above 6030

 

[a1b1trader]

but NF hasn't formed this WW due to the fat finger so point 3 is changed which should we consider?
if this is plotted on NF then point 5 hasn't formed yet it would require NF to go above 6030

Yes you are right.
Thats why I havnt taken the chart of NF
However, IMO one should not take into account such freak trades.
Further if you take Nifty Future of Oct series, then this -ww has formed.

Further, this is a 60 min chart with wide time span (8 trading days), so it MAY take time to meet the target.

 

[XRAY27]

NS -ww 60 min tf tgt 5775 8.10.13

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Hi,

doubt:
is point 1 3 and 5 line should be straight line or it can have slope..???

 

[a1b1trader]

Hi,

doubt:
is point 1 3 and 5 line should be straight line or it can have slope..???

1-3-5 line can be horizontal to x-axis for both -ww and +ww
But should have slope upward for -ww and slope downward for +ww

 

[a1b1trader]

Hi friends

Noted something interesting, so posting.

Though I used to say that do not go for a pattern untill it has formed fully or atleast 80-90%. But posting this 2 in 1 wolfe wave chart as the other (-ww) is linked with the first one (+ww) target. Cant say what will happen. Just for fun.

Both targets met

 

[a1b1trader]

This one hasnt yet completed but just on the verge of completion, if price opens gap down OR flat and moves down a little.

NF +ww 1 min TF tgt 5970 (If moves around 5950 - 45) 8.10.13

Target met

 

[a1b1trader]

NF +ww 3 min tf tgt 5990 8.10.13

Target met