Wolfe-wave
ADANI PORTS -My 1st on WOLFE WAVE - 1HrExperts on the WOLFE WAVE can please correct me if I'm wrong.
Targets shall be booked whenever the Target Line is kissed.
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WOLFWAVE on daily timeframe on BTCUSD 🚀🚀Found Bullish wolfwave pattern on the daily timeframe which doesn't occur frequently so it can be a very good bullish sign for btc. i can see 70-80k number coming in btc in few weeks. the target is the trendline touch btw the 1-4 wave.
please do let me know your views on my analysis.
TSLA Heading Down. Wolfe Wave completed. Target 660 around WedWolfe Wave analysis of TSLA shows point 5 peak reached with volume surge along with 0.786 retracement. Initial target is 660 for this coming Wednesday. Earnings are estimated at +/- 10%, but historically come in at an average of +/- 7.5 %. Which if TESLA falls per WW analysis puts us very likely at 660
PLTR - Gap filled! Ready to move!- $22 gap was filled today (4/19) and this stock is preparing for a gamma squeeze into earnings.
- Potential gap fill above $30+
- We are also sitting at a major support level which is a perfect entry to long!
I would look to long and get 5/21 contracts tomorrow morning. 5/21 option contracts are very well priced so I'd suggest grabbing these dates as it'll give you more time for the wolf wave to form.
Wolfe Waves Example!This is not a forecast or a signal! it's just an example of an occasion which a pattern like Wolfe Waves worked well !
This chart has almost followed the rules of Wolfe waves , unless the first point is not exactly on the right place!
1st point: Start of the wave
2nd: First top of the channel
3rd: First low of the channel
4th: Second high of the channel regarding thee pivots!
the next 2 pivots are useless since they are not a place to be considered as a Wolfe waves' points!
5th point: as it should be broke to channel!
Open Trade: OT is breaking back to channel!
Stop Loss: SL is just below the 5th point in long option and reverse of it, in short trades!
I personally distinguish the pattern so late! but the Wolfe waves is a great way to find very profitable trades which is not so trending in these days