Wolfe Wave

[EagleOne]

LIC bearish WW completed successfully

We can always look for continuous WW after completion of one, but should be in opposite direction....Like LIC giving some kind of symmetry of Bullish WW after Bearish WW... I am posting this chart to mark out the continuity of WW

Beautiful, sirji. Keep finding beauties like this for bears to do SG.

 

[prst]

seems like WW target achieved in havells.

(though not a perfect WW )

interestingly , just now there is a 315 crossover in both daily and weekly charts.
not often do we see such crossover happening at same time on both time frames.

 

[sunny_cool]

Just for fun

This chart has nothing to do with Wolfe Wave & any kind of Technical analysis

 

[sunny_cool]

@prst this doesn't seem to be WW, lot of penetration on 1,3,5 line & symmetry is also not good

seems like WW target achieved in havells.

(though not a perfect WW )

interestingly , just now there is a 315 crossover in both daily and weekly charts.
not often do we see such crossover happening at same time on both time frames.

 

[prst]

how about the bharti daily?

 

[timepass]

how about the bharti daily?

Looks more like a parallel channel, the lines do not appear to be converging.

 

[colion]

how about the bharti daily?

The line that you think is the "1-4" line is a type of trendline but not a Wolfe Wave construction. However, this type of trendline is discussed in books such as "The Master Swing Trader" and can be very powerful.

 

[sunny_cool]

In my opinion Bharti can be Bullish WW
Volume on point 3 is high & volume on point 5 is also double as compared to other surrounding days
Lets see how it pans out....its learning phase it can be other good lesson

 

[timepass]

Nifty Futures - 60 minutes. Could it be a bearish WW ??

 

[dhootankur]

Nifty Futures - 60 minutes. Could it be a bearish WW ??

Nope...they can be symm triangle...