Wave Structure: The chart displays a 5-point structure typical of a Wolfe Wave: Points 1, 2, 3, 4, and 5 align with the criteria for the pattern. The line connecting points 1 and 4 represents the Potential Target Line (PTL), which forecasts the future price target. Point 5 is crucial as it marks a potential reversal area, signaling a buy opportunity in bullish...
A bearish Wolfe Wave is a technical chart pattern that typically signals a reversal in an upward price trend. The "sweet zone" in a bearish Wolfe Wave refers to the region where the price is expected to reach before reversing its upward movement. When the price enters the sweet zone of a bearish Wolfe Wave, traders may anticipate a potential trend reversal to the downside.
The same scenario, but here the rebounds are becoming weaker and weaker, meaning that the price is being pushed lower and lower
“The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.”
Slightly bounced off the 200EMA, under the resistance at 4370, and now all the wise men in the world don't know what this is: A retest of the neckline or a Wolfe? Activation of the Wolfe will confirm the Santa rally in the fifth wave towards 4800, and then who knows what might happen. A retest of the 4370 resistance from below and a break below the 200EMA might...
5th wave is in progress. RSI & MACD Divergence. Ideally shoud break above 109.85 resistance to perform channel fake out in the sweet zone.
BTC possible massive Wolfe wave is forming on a weekly timeframe. The 5th wave is aiming at 200EMA There came gray stretches of volcanic plains, Bare, lone and treeless, then a bleak lone hill Like to the dolorous hill that Dobell saw. Around were heaps of ruins piled between The Burn o’ Sorrow and the Water o’ Care; And from the stillness of the...
Currently in the sweet zone. The price should get back inside the wedge and pass through the red resistance zone to confirm the reversal
Active Wolfe wave with zigzags in waves 3 amd 5. Expecting breakout from the decending wedge upper boundary
decision point for USDRUB with 2 possible scenarios: 1 Fake breakout from descending channel 2 Zizag completion
I am a poor man sitting on the corner of Your Conscious and Your Reality. All day everyday I sit in that spot and beg for change. But keep your quarters, nickels, dimes for someone else 'cause all I want is a cup of change. A cup of change to water my feeble hope, thorny rose rooted in concrete hatred.