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EDUCATIONAL: Wolfe Wave Example

By glennmercer
Hey traders, here is an example of a typical bullish Wolfe Wave setup. Price creates two converging descending trend lines. Point five often overshoots and touches the parallel of the 2-4 line, presenting an entry opportunity. Profit is taken at the 1-4 line. For the bearish setup, the lines must be converging and ascending, and same rules apply. Trade with care and assess your risk!
educationeducationalglennmercergmercerfxprofitlineWolfe Wave
glennmercer
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