Wolfe Waves

[manojborle]

hi

monaj can you show me how to make successful intrday with it?

Rules for Bullish Wolfe Wave Structure
Please not the odd sequence in counting, as you will see, it is necessary for the inductive analysis.
By starting with a top we are assured of beginning our count on a new wave. The 2 point is a top. The 3 point is the bottom of the first decline.
The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
The 4 point is the top of the rally after point 3. The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3.
This is the entry point for a ride to the EPA line (1 to 4).
Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4.
Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.
Trend line of 1 to 3 and trend line of 2 to 4 must converge.

Rules for Bearish Wolfe Wave Structure

Pleas note the odd sequence in counting, as you will see, it is necessary for the inductive analysis.
By starting with a bottom we are assured of beginning our count on a new wave.
The 2 point is a bottom.
The 3 point is the top of the first rally.
The 1 point is the top prior to point 2 (bottom), that 3 has surpassed.
The 4 point is the bottom of the decline after point 3.
The 5 point is the top after the 4 point and is likely to exceed the extended trend line of 1 to 3.
This is the entry point for a ride to the EPA line (1 to 4).
Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.

 

[XRAY27]

is there any AFL for this?

following is the link for wolfe wave afl

http://www.wisestocktrader.com/indicators/2521-wolf-wave-afl

But learning and drawing that will give you good result

 

[manojborle]

is there any AFL for this?

Yes, afl are there.
Got through this thread only, you will find an afl for wolfe waves.

 

[manojborle]

Yes, afl are there.
Go through this thread only, you will find an afl for wolfe waves.

 

[bapu4]

This is M&M daily !! this seems a -WW !! Plz comment !!

God bless !!
Rgds !!

 

[timepass]

This is M&M daily !! this seems a -WW !! Plz comment !!

God bless !!
Rgds !!

At point 3, is the volume bar higher than the neighbouring bars ?? Doesn't appear so. Pricewise, it appears to be a WW

 

[bapu4]

dear TP,
Ya it seems you are correct.
rgds

 

[mastermind007]

TP

are there wolfe on NIFTY? I see identical patterns also in SENSEX and in ACC...

 

[timepass]

TP

are there wolfe on NIFTY? I see identical patterns also in SENSEX and in ACC...

A bearish WW has existed in Nifty for some days now with a target from 5950-5600, but as seen in ACC chart, it lacked time symmetry.. Nifty is supposed to be in sweet zone at present. I think that a close below 6150 will accelerate the downside. You will find the charts in preceding pages, first posted by bapu4.

 

[Gandhar.]

A bearish WW has existed in Nifty for some days now with a target from 5950-5600, but as seen in ACC chart, it lacked time symmetry.. Nifty is supposed to be in sweet zone at present. I think that a close below 6150 will accelerate the downside. You will find the charts in preceding pages, first posted by bapu4.

also -ww in relcap & relinfra