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Wolfe Wave

two scenario both ends @ 25$ ,believe it or notplease see chart on daily time frame we may have seen a head and shoulder pattern is underway to be completing or we may face with fifth wave of an impulsive wave to be complete. green line breaking will specify which scenario will happen if green line breaks stock will rise to 500-600 $ and then go to 25$ if green line holds ,head and shoulder completed and stock go to 25$ a wolfe wave is also seen between head-and-shoulder-like pattern which is indicating upward move is more probable. targets of upward move is 123-161% inverse Fibonacci retracement of wave (iii)-(iv) please share your comments
NASDAQ:TSLA
by MtICHI
12
a nice repetition of a pattern made earlier for target of 0.23$a nice repetition is underway as in 2022 a pattern made as depicted on the chart which is now happening in the same way with target @0.23$ the underlying behavior of such pattern is how kijensen and tenkesen of ichimokou is arranging when candles are going toward them. another reason for correctness of this pattern is a wolfe wave pattern made earlier and its target is 0.23 please share your comments if you like this please see my previous analysis as below:
BITFINEX:XRPUSDShort
by MtICHI
6
HOW-TO: Wolfe Strategy [Trendoscope]Just made this short video to explain the concepts of Wolfe Strategy which I recently published. Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules. Entry price based on breakout No moving target - using flat target. Entry is done based on risk reward Not time bound Intelligently decides whether to place stop order or limit order Few possible future improvements Make bidirectional trades possible Better filters to chose long and short trades or when to trade Lot can be improved on Wolfe scanner to identify more patterns Exit strategy - can introduce optional trailing Thanks for listening. Hope you enjoyed and learnt something from this :)
Education
by Trendoscope
5
wti updateTrader reaction to the long-term 50% level at $72.31 is likely to determine the direction of the January WTI crude oil market on Friday. Bullish Scenario A sustained move over $72.31 will indicate the presence of buyers. This could lead to a test of the minor top at $75.44. Taking out this level will change the minor trend to up and could trigger an acceleration into the short-term Fibonacci level at $78.72. Bearish Scenario A sustained move under $72.31 will signal the presence of sellers. This could trigger an acceleration to the downside with $63.73 the next major target.
FX:USOIL
by MtICHI
Low Probability, High Reward BTC setupWith the FTX & Binance issues, plus crypto regulation likely coming next year, I don't have much faith in this setup. However I can't ignore the doubled up harmonics here, Bull Cypher and Bull Wolfe Wave. I'm prolly not a player until it establishes support above the $21k POC. Then we're looking for $29k>$37k>$60k targets. Above 19k is probably good for a $21k POC test, but risky and doubtful right now. Lower TFs have some bearish setups.
COINBASE:BTCUSD
by Nicklaus68
IBM ... Small bumps ahead ?Since mid-October IBM has produced a nearly 35% gain This would appear to have traced out a bullish impulse wave (1-2-3-4-5) It has also created a possible Wolfe Wave top with a short term downside target of $143-$144. Additionally one could envision two harmonic patterns in development. In the shorter term which a Gartley pattern supports the WW thesis. The longer term a Bat pattern supports the 1/3 retracement scenario of the October move. With an eye on the Fed's actions next week and broader equity markets I would be looking to sell IBM price strength with a tight stop should be breach recent highs. I will follow up if I feel a short position is warranted. As usual this is not investment advice, so do your own due diligence. S.
NYSE:IBM
by Steve666
2
fifth wave to downside or upside move depend on 83$ breakwe may see fifth wave to downside or upside move depending on 83$ break. The good news for crude oil bulls is coming out of China. The potential for increased demand is there, but the country needs to do more to curb restrictions before it will show up in the economic data. Some analysts suggest some curbs will last until March. So demand may bottom, but we may not see a significant increase for six months. The decision not to cut production by OPEC+ was no surprise. The group is probably waiting to see the impact of the Russian ban before they make a decision to cut or not cut at its Feb 1 meeting. There is still a lot of confusion as to how it is going to work and if it is going to work. If prices drop too far, OPEC+ will be there to prop them up. On Friday, G7 nations and Australia agreed on a $60 per barrel price cap on Russian seaborne crude oil. According to Reuters, many analysts and OPEC ministers have said the price cap is confusing and probably inefficient as Moscow has been selling most of its oil to countries like China and India, which have refused to condemn the war in Ukraine. The European Union will need to replace Russian crude with oil from the Middle East, West Africa and the United States, which should put a floor under oil prices at least in the near term. Additionally, the end of the U.S. Strategic Petroleum Releases (SPR) is also providing support. .
FX:USOIL
by MtICHI