Sunday Paltalk Lecture

ChartMan

Legendary member
5,580 46
Wolfe Wave patterns. I will be discussing these, their construction, identification, and uses. My thanks go to Skim for initially telling me about them, And AIQ's Opening Bell for providing further information. It is not a Holy Grail technique,but another usefull tool to be aware of.
Jpeg charts will be put up here later to accompany the lecture.
9pm Sunday, Paltalk room T2W2.
 

ChartMan

Legendary member
5,580 46
Wolfe Wave Construction:
1: Point 2 is the top of a bar chart.
2: Point 3 is the bottom of the first decline after point 2.
3: point 1 is then the bottom prior to the top, point 2. Point 3 must be lower than point 1.
4: Point 4 is the next top from the bottom of point 3. Point 4 must be higher than point 1 Bottom.
5: Draw a trend line from point 1 to 3 and project forwards, to anticipate the reversal bottom at point 5.
6: Price objective is found by drawing a trend line from point 1 to point 4.
Note you cannot begin to look for a Wolfe wave til point 1,2,3 and 4 have been formed.
 

ChartMan

Legendary member
5,580 46
Wolfewave.com S&P500 Gif....
 

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