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Wolfe Wave |
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Wolfe Wave In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there. ![]() Notes: If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security. To identify Wolfe waves, they must have the following characteristics:Waves 3-4 must stay within the channel created by 1-2 Wave 1-2 equals waves 3-4 (shows symmetry) Wave 4 is within the channel created by waves 1-2 There is regular time between all waves Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point The estimated price is a price along the trendline created by waves 1 and 4 (point 6). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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