Rules & Structure Of Wolfe Wave Pattern
To Identify Wolf Wave Patterns,
Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
Wave 5 exceeds trendline created by waves 1 and 3
There Should be regular time between all waves
How To Trade.
Entry point When Price Close below Trendline Created by Wave 1 and 3.
Stoploss would be High of Wave 5.
Target will be Trendline Created by wave 1 and 4.
To Identify Wolf Wave Patterns,
Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
Wave 5 exceeds trendline created by waves 1 and 3
There Should be regular time between all waves
How To Trade.
Entry point When Price Close below Trendline Created by Wave 1 and 3.
Stoploss would be High of Wave 5.
Target will be Trendline Created by wave 1 and 4.
