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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.
pratik2358 pratik2358 BANKINDIA, D, Short ,
BANKINDIA: bearish on bank of INDIA
55 0 3
BANKINDIA, D Short
bearish on bank of INDIA

i expect a fall in bank of india for a target of 166 , 158

devangpanchal99 devangpanchal99 HEROMOTOCO, D, Short ,
HEROMOTOCO: Wolfe wave in HERO MOTO
37 0 0
HEROMOTOCO, D Short
Wolfe wave in HERO MOTO

Hero moto has formed WOLFE WAVE in daily chart and is now ready to fly till 3700 within 1 month time frame.

vedang21 vedang21 TVSMOTOR, 240, Short ,
TVSMOTOR: TVS Motor
54 0 0
TVSMOTOR, 240 Short
TVS Motor

A WW gets activated soon

praveen.bhatiya praveen.bhatiya BALRAMCHIN, D, Long ,
BALRAMCHIN: Bullish Wolfe Wave : Buy
78 0 3
BALRAMCHIN, D Long
Bullish Wolfe Wave : Buy

The stock has nicely formed Wolfe Wave pattern and today's engulfing makes it a candidate for long. One can buy the stock for a target of 170 by providing a stop loss of low of today on closing basis.

MariaSundarapandian MariaSundarapandian PRO DCBBANK, 60, Long ,
DCBBANK: DCBBANK WOLFE WAVE PATTERN DCBBANK LONG OPPORTUNITY
159 0 8
DCBBANK, 60 Long
DCBBANK WOLFE WAVE PATTERN DCBBANK LONG OPPORTUNITY

Safe entry with LOW risk to Reward. DO study the chart and do not trade based on this post. DCBBANK Has formed a bullish wolfe pattern.

praveen.bhatiya praveen.bhatiya BAJAJ_AUTO, D, Short ,
BAJAJ_AUTO: SHORT Wolfe Wave
67 0 8
BAJAJ_AUTO, D Short
SHORT Wolfe Wave

Wolfe wave is one of my favourite trading patterns as it works mostly, provides good Risk to reward ratio and is fast. Posting a nicely formed pattern for my mates wishing that it rewards them nicely on Diwali. Entry now or wherever Stop Loss of 3210 is affordable Target range 3050 - 3100.

dipsindia2004 dipsindia2004 SI1!, D, Long ,
SI1!: Will Silver shine in next 6 month?
57 0 1
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
190 5 8
BANKNIFTY, 15 Long
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
81 0 2
RELIGARE, W
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.
101 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
54 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 !
77 0 5
TV18BRDCST, D Short
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
87 0 2
INTELLECT, D Long
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 !
150 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
218 5 10
SOUTHBANK, D Long
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!
168 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 !
81 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
74 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

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