WIG Index
Short
Mis à jour

Tracking waves corrections

1701
During one of the webinars (unfortunately it is no longer available to the public) I came across the idea of tracking wave patterns and corrections after such patterns, where the wave pattern consists of a long wave preceded by 2 short waves. I have implemented this solution and according to it, the WIG has a 50% chance of returning to the level of 52 120 already in the 1st wave and 63% to the 3rd wave (which is more or less within 1 day). And down to 51,800 23% chance in 1st wave and only 39% chance in 3rd wave.

I cannot wait the results.
Note
After 4 waves it has not reached TP, but also do not move up over the wave end point (potencial SL):
snapshot
Trade fermée: ordre d’arrêt atteint
This idea seems to be fighting with the trend, and as we can see it lost this time.
In my free time, I will add SL simulation to that script and check how it will affect the calculation of statistics.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.