sanjay4848

Bearish wolfe

Short
NSE:BANKNIFTY   NIFTY BANK
241 views
0
Wolfe wave active in Bank nifty ,this week closing below last week closing with considerable vol will validate the setup and trigger entry , inverted hammer on weekly charts and bearish engulfing on daily is strongly supporting the bearish views,after entry being triggered closing above wave would be SL.

Comments

@sanjay4848 , It isn't a correct wolfe wave ; You are drawing it in channel which isn't possible ;)

Two lines (By Connecting Top with Tops & Bottom with Bottoms) should converge at some place & in this case , it isn't possible .
+5 Reply
that's grt ,can u pls share any chart of wolfe wave ,that would help me a lot in learning process and correcting myself on wolfe as its my start wth waves. :-)
+2 Reply
kbmj sanjay4848
@sanjay4848, I'll do :)
+1 Reply