BEARISH WOLFE WAVE RISKREWARD 1:15, WolfeWaveAutoScript Testing

HI BIG PLAYERS,

in this case study I present a bearish Wolfe Wave on USDJPY 4-hour Chart.

The risk-reward-ratio are 1:15. This mean for every 1 USD you can win 15 USD.
In addition, the rebounce was a few minutes ago exactly on the 1.272 (a typical rebounce fibonacci line by a Wolfe Wave pattern).

Furthermore, I am testing with the new Pinescript Version 4 the auto line functions to predict upcoming Wolfe Wave pattern. Its only a test and isn't published till yet.

For more informations you're invited to follow me.

King regards

NXT2017

Transaction en cours:

The impulse has began for beweist das trend.

Commentaire:

The impulse has began for bearish trend.

Transaction en cours:

Now you can close a part of your trade. It isn't a Wolfe Wave pattern... it's the 3th wave of a big wave from Elliott Waves.