Wolfe Waves

[XRAY27]

Yes now the price has gone above 1-3 line, so it becomes a more valid -ww.

manoj ji

wolfe wave requires Symmetrical time from 1 to 3 and 3to 5 waves... and also
volume should be peak at wave 5...iam not finding this in the image...so valid -ww is not there it seems... please give your view also

 

[manojborle]

manoj ji

wolfe wave requires Symmetrical time from 1 to 3 and 3to 5 waves... and also
volume should be peak at wave 5...iam not finding this in the image...so valid -ww is not there it seems... please give your view also

Looks like Symmetry is alright along with volume.

We can wait for it to come back below 1-3 Line to be safe or Look for Short Signal on Daily Charts.

 

[XRAY27]

Looks like Symmetry is alright along with volume.

We can wait for it to come back below 1-3 Line to be safe or Look for Short Signal on Daily Charts.

thanks for removing my doubts manoj ji...

 

[bapu4]

Nifty has formed a -WW it seems !! Also there is a big H&S pattern(not highlighted in this chart) !!
Out of the two which will be effective in coming days ??

 

[timepass]

Nifty has formed a -WW it seems !! Also there is a big H&S pattern(not highlighted in this chart) !!
Out of the two which will be effective in coming days ??

The time symmetry is awkward for a WW. Also, there doesn't seem to be significant difference between 1, 3, 5. But the volume confirmation is there.

Even with inv.H&S, the head seems too big for the shoulders

 

[bapu4]

hI TP,

How about this formation?expceted price 6650 !!

 

[timepass]

hI TP,
How about this formation?expceted price 6650 !!

Again, 1 and 4 appear to be the same, don't they ? 4 should be between 1 & 3.

6650 may be the target for some other reasons, like the chikou standing above the candles and standing straight up etc..

 

[bapu4]

Hi TP bhai,
Pl refer first page the sketch of bearish ww says that Pt 4 should be lower than Pt 1,pl correct me if I am wrong.
god bless u.

 

[timepass]

Hi TP bhai,
Pl refer first page the sketch of bearish ww says that Pt 4 should be lower than Pt 1,pl correct me if I am wrong.
god bless u.

Right. My bad. Point 4 should be between 2 & 3.

But let's look at it another way, use different pivots. Maybe point 5 has already formed and we are on our way down to 5600

Again, time symmetry is missing, but the pattern is more vivid.

.

If this pattern is true, then we are looking at 5600 in next 10-12 sessions. Taurus1 should be happy

 

[trader15]

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Right. My bad. Point 4 should be between 2 & 3.

But let's look at it another way, use different pivots. Maybe point 5 has already formed and we are on our way down to 5600

Again, time symmetry is missing, but the pattern is more vivid.

.

If this pattern is true, then we are looking at 5600 in next 10-12 sessions. Taurus1 should be happy

Tp options Khelna band Karoo.. Yeh jis direction ke lete ho, ce ya pe , wahi tumhe nifty jaati dikhati hai.. Ever heard of mrig marichika... Wohi hai yeh...

Even I'm short and happy to read mkt will go down..