Wolfepattern
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.
Learning Never Ends.
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Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation.
I believe in keeping the chart simple for easy interpretation.
So kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
bitcoin.how a wolf see the chart😎three andicator my bro . (chang the setting )
1.smoothed heiken ashi
2.smoothed moving average
3.wolfpack🙂
chang candles to heiken ashi candles.but hide them😁
now you are a wolf😊buy and sell wirh wolfpack and check the smoothed moving average and smoothed heiken ashi.
no need to pay for it just 1like🙂.
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