Wolf Wave Pattern on All Time High, due for a correction ?
I have been watching the Wolfe-Wave Pattern recently (thanks to 4xForecaster tradingview.com/u/4xForecaster/). It Looks like we have a nice setup on Palladium for a correction (or a reversal ?) by -7.5%.
* Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue).
* Stop loss over the top of the channel around 923.
* Target in the 840 range.
Bearish Wolfe Pattern: way2profits.com/wp-content/uploads/2013/07/bearish-wolfe-wave-pattern-way2profits-300x227.jpg
I'm excited to see the outcome for a first experience with that pattern.
* Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue).
* Stop loss over the top of the channel around 923.
* Target in the 840 range.
Bearish Wolfe Pattern: way2profits.com/wp-content/uploads/2013/07/bearish-wolfe-wave-pattern-way2profits-300x227.jpg
I'm excited to see the outcome for a first experience with that pattern.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.