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Wolfe Wave

LULU breakout level!LULU is squeezing on multiple time frames and is getting ready to fire. We are also in a wolf wave pattern with a price target of 350.70 (green dotted line). Today, it formed a doji after a full body candle on the previous day which signals a bullish uptrend ahead of its earnings. We might see LULU get into the earnings run soon! Looking for this wolf wave to pan out in the next couple weeks. If you're planning on getting into this option trade, I'd go 2-3 weeks out. I'll update this as we go. Suggested contracts: LULU 4/30 350C @ 1.25 LULU 4/30 340C @ 2.40
NASDAQ:LULULong
by Ross-Santos
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
Education
by AliSignals
TSLA - Two opposite forcesYo! So yesterday I noticed another hidden bearish divergence, but still I think there a chance for the Wolfe wave to complete. At the moment I'm on the fence because the risk reward is not worth it.. To take a decision ill need to see what happens when market opens.. OR the market breaks through the pitchfork OR the divergence will get in play.. At the moment I tend to think the divergence will get in play because tesla stock have a lot successful divergences.. SO.. today I'm Neutral. Have a nice trade day and a good weekend! t347.
NASDAQ:TSLA
by t347