Suddenly Wolfe seems to have taken a greater interest in Traderji.
As we know, all the price actions ultimately forms pivot high and lows, ie kind of waves. So there might be more possibilities of these pivots, where wolfe waves are plotted.
Here, I would like to know what is the pre-condition for applying wolfe waves, if any. Or you plot them whenever you see those 1-2-3-4-5 waves. I'm sure there must be some conditions, else we can plot these Wolfe waves on almost all the waves on most of the charts.
The conditions which are given in the links given by some shows that, its like price forming lower pivots, kind of thing.
Hence is there any conditions on the price, before these pattens?
Just interested to know it, nothing else.
Praveen.