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@Xelaneb: This has little to do with a Wolfe Wave. If you use a Wolfe Wave for a downward projection, then point 3 should be higher than point 1, and point 5 should be above the trend line drawn from point 1 to point 3. The Wolve Wave is a pattern that shows expanding volatility. The chart above simply shows a wedge.
Attached is an example of a small Wolfe Wave for CL 05-13, which was produced end of March.
Boy the volitility has picked up in the last few days
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
The market normally takes the path of least resistance like electricity
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Added on the pull back into the IB and RTh vwap and ETh vwap confluance
Only 1/2 re load and going to target the 1st IB extension here
If we come back up into the IB i will take b/e on the add
no point turning a add into a loss
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Looking to target ETH DVAL`s and possibly the O/N lows around 88 even
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
AAh this looks like its going to melt down further here
I got out with my runner at the 2nd IB extension here
Were playing with ETH DVAL`s.......im happy with that move down
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
