Wolfe Wave
- Thread starter sunny_cool
- Start date
In your chart, the lines 1-3-5 and 2-4 are almost parallel, forming a downsloping channel. For WW, they should intersect. Also, I am not able to connect point 5 to 1-3 in my chart.
However, the volumes appear to have spiked around point 5 (also around point 3). This being the lower end of the channel anyway makes for a decent buy, but where would you place a stoploss ??
However, the volumes appear to have spiked around point 5 (also around point 3). This being the lower end of the channel anyway makes for a decent buy, but where would you place a stoploss ??
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