Hi all starting a new thread and would like to see everyone participating on there end .

Q. What is the Wolfe Wave?

Ans. Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of supply and demand that form their own equilibrium.The key to its accuracy is in properly identifying the 1, 2, 3, 4 & 5 points. These are what give it its proper balance of equilibrium. It is very important to identify the dominant Wave. It is somewhat like recognizing those 3-D pictures. After a while a smile comes to your face and you say: "WOW, I see it."


Q. How to find them these points?

Ans. There are rules for every point in both bullish and bearish formations.

Rules for bullish formation .


1 .The 2 point is a top.

2.The 3 point is the bottom of the first decline.

3. The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.

4. The 4 point is the top of the rally after point 3.

5. The 5 point is the bottom after point 4 and is likely to exceed the
ended trend line of 1 to 3. This is the entry point for a ride to the
EPAline (1 to 4).

6. 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.

7. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3
and 2 to 4.

8. The Time take b/w point 1 to 3 should be equal to that of point 3 to 5.

Robin

Great Robin... do show some live or recent ones if possible

Originally Posted by Czar

Great Robin... do show some live or recent ones if possible

Here comes few from the past these haveing everything perfect following every rule to be a bearish wolfe wave .






Robin

Thanks, We need a thanks button on war footing...

Infact I caught the bearish nifty one recently thanks to you... was in 15 mins, i'll put up over the week end...

Originally Posted by Czar

Thanks, We need a thanks button on war footing... Infact I caught the bearish nifty one recently thanks to you... was in 15 mins, i'll put up over the week end...

I havent posted Rules for bearish structure yet

Originally Posted by robin_malihan

I havent posted Rules for bearish structure yet

But were'nt you the original starter of wolves elsewhere ?

sadly ww is one elusive pattern which i have never been able to trade on...
hope i learn more about it here.
thanks again robin/czar.

Rules for bearish formation

1 .The 2 point is a bottom.

2.The 3 point is the top of the first rally.

3. The 1 point is the top prior to point 2 (bottom), that 3 has surpassed.

4. The 4 point is the bottom of the decline after point 3.

5. The 5 point is the top after point 4 and is likely to exceed the
ended trend line of 1 to 3. This is the entry point for a ride to the
EPAline (1 to 4).

6. 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.

7. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3
and 2 to 4.

8. The Time take b/w point 1 to 3 should be equal to that of point 3 to 5.


Robin

A bullish wolfe wave in 2min chart of reliance , same formation can be seen in nifty buy there time taken b/w two lows are not equal so went to other nifty major and seen the effect .

Enter can be done in these type of setup with tight stop .

__________________
"Just when you think you are smart, the market will show you just how really dumb you are."

Hind petro under process , short can be taken right at the top if u wolfe wave and profileing .



Robin

__________________
"Just when you think you are smart, the market will show you just how really dumb you are."