Bullish Wolfe Waves
By starting with a top we are assured of beginning our count on a new wave.
The 2 point is a top.
The 3 point is the bottom of the first decline.
The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
The 4 point is the top of the rally after point 3.
The 5 point is the bottom after point 4 and is likely to exceed the extended
trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend
line of 1 to 3 and extended trend line of 2 to 4.
Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2
to 4.
Trend line of 1 to 3 and trend line of 2 to 4 must converge.
The 2 point is a top.
The 3 point is the bottom of the first decline.
The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
The 4 point is the top of the rally after point 3.
The 5 point is the bottom after point 4 and is likely to exceed the extended
trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend
line of 1 to 3 and extended trend line of 2 to 4.
Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2
to 4.
Trend line of 1 to 3 and trend line of 2 to 4 must converge.
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