Wolf Wave Trading Strategy Rules:
The Wolf Waves rules will help you to identify this symmetrical chart pattern. You can apply the same rules for the bullish and bearish wolf waves. Without further ado, these are the wolf wave’s characteristics:
Wave 3 and Wave 4 must be contained within the channel created by Wave 1 and Wave 2.
Wave 1 and 2 equals Waves 3 and 4 which should highlight a perfect symmetry.
Wave 5 breaks above the trend-line created by wave 1 and wave 3.
Wave 5 is also use to trigger our entry.
There is regular time between all waves. What we mean by this is that the time to complete one cycle from low to low (and from high to high) is the same. So, between 1-3-5, there are equal timing intervals between wave cycles.
The Wolf Waves rules will help you to identify this symmetrical chart pattern. You can apply the same rules for the bullish and bearish wolf waves. Without further ado, these are the wolf wave’s characteristics:
Wave 3 and Wave 4 must be contained within the channel created by Wave 1 and Wave 2.
Wave 1 and 2 equals Waves 3 and 4 which should highlight a perfect symmetry.
Wave 5 breaks above the trend-line created by wave 1 and wave 3.
Wave 5 is also use to trigger our entry.
There is regular time between all waves. What we mean by this is that the time to complete one cycle from low to low (and from high to high) is the same. So, between 1-3-5, there are equal timing intervals between wave cycles.
Commento:
near trend line resistance
Trade attivo:
close near day high
Commento:
1 st target achieved
Trade chiuso: obiettivo raggiunto
