Wolfe Wave

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Wolfe Wave

Wolfe Waves are caused by forces of supply and demand that exist in all markets and all time frames. They were originally discovered by Brian and Bill Wolfe. They form patterns consisting of 5 waves where the first 4 define a wedge and the last extends beyond this wedge. This last wave is usually traded. Using the Wolfe wave principles, we can calculate its length by drawing a line between point 1 and point 4 on the wedge and extending this in the direction of the breakout of wave 5. It functions as the profit target line. The Wolfe Wave analysis technique can forecast an Estimated Price at Arrival (EPA) and an Estimated Time of Arrival (ETA).

The wave preceding the fifth wave, could exceed the extended trendline from waves 1 to 3, before making a large move in the opposite direction. This is the ideal entry point for a trade towards the profit target line. There are specific rules that define this naturally occurring trading pattern. As with any trading method, several variations exist. Trades based on this system usually have tight stops compared to the profit target, making for good reward / risk ratios.
dipsindia2004 dipsindia2004 SI1!, D, Long
SI1!: Will Silver shine in next 6 month?
32 0 0
SI1!, D Long
Will Silver shine in next 6 month?

Silver can go up to 18$-20$ in next 6-8 month... Keep investing in silver, it can be your best investment for next year

praveen.bhatiya praveen.bhatiya BANKNIFTY, 15, Long
BANKNIFTY: Bullish Wolfe Wave
163 5 7
Bullish Wolfe Wave

Banknifty is forming bullish Wolfe wave so one can put it into their watch list and execute the trade timely. The pattern target is above 23600. The pattern is quite reliable and mostly provides good risk to reward ratio. Good Luck

pradeepravalakola pradeepravalakola RELIGARE, W,
RELIGARE: Bullish Wolf Wave price trading above 200-208 Zone for tgts 330
48 0 2
Bullish Wolf Wave price trading above 200-208 Zone for tgts 330

Bullish Wolf Wave price trading above 200-208 Zone for tgts 330 / 443 HOlD 3-6-9 months SL below 180

praveen.bhatiya praveen.bhatiya BEL, 15, Short
BEL: BEL Short Wolfe Wave Divergence Oversold Intra day.
87 0 6
BEL, 15 Short
BEL Short Wolfe Wave Divergence Oversold Intra day.

Potential short may develop in the stock as it is making higher high but RSI is not supporting it and showing divergence. Its reading is also coming out of Overbought Zone. So far it is making Wolfe Wave. As if now trade has not developed yet but one can put it into the watch list to take the appropriate action timely.

HawksTrade HawksTrade M_MFIN, D, Short
M_MFIN: M&M Fin - Bearish Wolfe Wave
42 0 1
M_MFIN, D Short
M&M Fin - Bearish Wolfe Wave

Bearish Wolfe Wave formation on daily chart. It may make reverse either from current levels of from 332. Look for selling opportunity on bounce. View will negate above 340.50 And expected target is 270 - 265.

praveen.bhatiya praveen.bhatiya TV18BRDCST, D, Short
TV18BRDCST: Short TV18BRDCST Wolfe Wave !
68 0 5
Short TV18BRDCST Wolfe Wave !

The stock has formed a nicely Wolfe wave at the Junction which seems to work as resistance. My experience with this patter is that it works better if it breaks the boundaries come back but we can still take the chance here by providing small stop loss of high of recent swing. Mostly it offers good risk to reward trade. Good Luck!

HawksTrade HawksTrade INTELLECT, D, Long
INTELLECT: Intellect Design
82 0 2
Intellect Design

Bullish Wolfe Wave, Positive Divergence of RSI and Price equality in 4-5 move.

praveen.bhatiya praveen.bhatiya NCC, D, Short
NCC: NCC SHORT Multiple patterns !
140 0 9
NCC, D Short
NCC SHORT Multiple patterns !

I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason : 1. The stock is showing good frequency around the lines. 2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal. 3. MACD is showing Divergence & Stop loss is affordable to me so looks ...

praveen.bhatiya praveen.bhatiya SOUTHBANK, D, Long
SOUTHBANK: Southbank Long Wolfewave and Flag
206 5 10
Southbank Long Wolfewave and Flag

The stock has given Flag breakout today and Bullish Wolfe wave is already in action therefore one can expect the price to reach around 23.50. Good risk to reward

praveen.bhatiya praveen.bhatiya IGL, D, Short
IGL: THREE BLACK CROWS Divergence and Wolfe Wave!
164 17 3
IGL, D Short
THREE BLACK CROWS Divergence and Wolfe Wave!

Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!

praveen.bhatiya praveen.bhatiya OIL, D, Short
OIL: Wolfe Wave Divergence SHORT !
77 0 1
OIL, D Short
Wolfe Wave Divergence SHORT !

Beautiful Wolfe wave trade with good Risk to Reward ratio may give a good start for the NEW YEAR 2017 for my trading mates. Wishing you all to be prosperous.

praveen.bhatiya praveen.bhatiya ITC, 15, Long
ITC: Wolfe Wave RSI divergion ITC
64 2 4
ITC, 15 Long
Wolfe Wave RSI divergion ITC

Trade able Wolfe wave with RSI divergence can generate a reasonable trade at this juncture. One can take advantage of it with small Stop Loss and good risk to reward ratio. Good Luck

praveen.bhatiya praveen.bhatiya ITC, 60, Long
ITC: Wolfe Wave Long ITC
56 0 1
ITC, 60 Long
Wolfe Wave Long ITC

Pattern is formed clearly so one can take advantage of it. Pattern target is around 232.

praveen.bhatiya praveen.bhatiya BANKNIFTY, 60, Long
BANKNIFTY: Wolfe Wave Long
187 6 8
Wolfe Wave Long

Bank Nifty has formed a Wolfe Wave therefore one can watch the price movement and enter long. Since the index is in downtrend and is at a very good support level breaking it could drag the price further low so it is advisable to trade it with caution and stop loss.

praveen.bhatiya praveen.bhatiya ENGINERSIN, D, Short
ENGINERSIN: Wolfe Wave Short -  Engineers India
77 0 3
Wolfe Wave Short - Engineers India

Neatly formed Wolfe Wave may drag the price to 240 level so worth trading it with the stop loss of 275. Entry level one can decide himself either tomorrow opening for wait for little pull back.

praveen.bhatiya praveen.bhatiya HINDPETRO, 15, Short
HINDPETRO: Wolfe Wafe Short
20 0 0
Wolfe Wafe Short

Beautiful Wolfe Wave triggers a short now offering a good risk to reward trade.

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