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Wolfe Wave

TA Gave us Signal Before A Big Correction Came in BTCUSDI know it makes no sense to post regarding Bitcoin Correction. But I Want You to Focus on the Point That i'm Making that TA Gave us Confirmed Signal Before any crash Happened. Which Tells us that we need only charts To Get the idea About what's going to happen. All The new Traders who tries learning TA but failed to get any results don't quit and say TA is just Scam and give random signals like tossing an coin. Everything takes time and you have to focused to learn what works for you and what not. Put some efforts Try to learn from experts, give quality time to chart screen , make journals ( journals are the best trading book ), Make trading plans and rules and work on them. you will see success coming in. So basically the chart gave us bearish wolfewave , 1.272 rejection with an doji which is an reversal candle , AB=cd pattern again reversal pattern, Butterfly harmonic pattern. And finally it touches the line of ww and gave his target. I hope you all understand the point i'm making here. good luck, everyone
COINBASE:BTCUSD
by dhruvchaddha
6
How To Use Bearish Wolfe Wave SetupThe key to recognizing the Wolfe Wave setups is symmetry. Ideally, waves 1-3-5 are established with very regular timing intervals between moves. The other key ingredient is that the wave 4 should revisit the price range established by waves 1-2 for the best results. Another way to describe the pattern is that it comes as a rising wedge / channel in an uptrend, or falling wedge / channel in a downtrend. Wave 5 is often a false breakout move beyond the bounds of the pattern. Unlike either bull or bear flags, the movement is in the same direction as the overall trend, with the overlapping waves giving signals that an impending reversal is taking shape. This pattern has different names, depending on the source - Larry Pesavento describes the pattern as "3 pushes to a top/bottom" and uses Fibonacci relationships to confirm the setup (waves 3 and 5 are 127% or 162% extensions of the previous pullback.) Jeff Cooper uses "Cooper 1-2-3 swing" nomenclature, and Linda Raschke likes to call this setup "3 Indians". The unique quality about wolfe waves, however, is the objective target projection from waves 1 -> 4
Education
by Anbat
1