$CADJPY Smaller Wolfe Wave Nears Completion at Point 5
アップデート済
Hello Traders,
Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe. If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be interesting to see how this plays out.
Side Note - The dotted orange line represents an invalidation line, something I picked up from 4xforecaster. In order to know when the projected Wolfe is invalidated, one must take the parallel of the 1-3 and place on the current point 4. If price surpasses this line, then the current Wolfe Wave is invalidated. You can view more cool lessons from 4xforecaster here: tradingview.com/u/4xForecaster/
Best,
Chartistry
Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe. If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be interesting to see how this plays out.
Side Note - The dotted orange line represents an invalidation line, something I picked up from 4xforecaster. In order to know when the projected Wolfe is invalidated, one must take the parallel of the 1-3 and place on the current point 4. If price surpasses this line, then the current Wolfe Wave is invalidated. You can view more cool lessons from 4xforecaster here: tradingview.com/u/4xForecaster/
Best,
Chartistry
ノート
Acting as forecasted. Will update this chart once point 5 is hit.
トレード稼働中
Short position active. Point 5 reached.
手動でトレードを終了しました
More room for upside, I'd be looking for 5' and even 5" as area's to short. Updates to come.ノート
5' hit and reacted. Now looking for an opportunity to short. Will stay up to date with this one.
トレード稼働中
トレード終了: 利益確定目標に到達
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