Common sense dictates not to trade Wolfe Waves until Point 4 is formed. I've been trading with WW for quite a while and CVX presents a great opportunity to 'guess'timate how price is likely to move.
So far, we have Points 1, 2, 3.
Currently, we are in the process of Point 4 being established. Price should ideally reverse around $124.44
After which, we expect price to drop to Point 5. So our sweet-zone would be between $114.81 - $111.86.
From $114.81 - 111.86, we should see a price rally, all the way above $127.42.
Let's see how this plays out!!!
So far, we have Points 1, 2, 3.
Currently, we are in the process of Point 4 being established. Price should ideally reverse around $124.44
After which, we expect price to drop to Point 5. So our sweet-zone would be between $114.81 - $111.86.
From $114.81 - 111.86, we should see a price rally, all the way above $127.42.
Let's see how this plays out!!!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.