Wolf Wave Pattern on All Time High, due for a correction ?
I have been watching the Wolfe-Wave Pattern recently (thanks to 4xForecaster tradingview.com/u/4xForecaster/). It Looks like we have a nice setup on Palladium for a correction (or a reversal ?) by -7.5%.
* Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue).
* Stop loss over the top of the channel around 923.
* Target in the 840 range.
Bearish Wolfe Pattern: way2profits.com/wp-content/uploads/2013/07/bearish-wolfe-wave-pattern-way2profits-300x227.jpg
I'm excited to see the outcome for a first experience with that pattern.
* Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue).
* Stop loss over the top of the channel around 923.
* Target in the 840 range.
Bearish Wolfe Pattern: way2profits.com/wp-content/uploads/2013/07/bearish-wolfe-wave-pattern-way2profits-300x227.jpg
I'm excited to see the outcome for a first experience with that pattern.
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