Dow Wolfe Wave Now Looks Textbook
Fully was correct….it needed one more down day to get points 1, 3, and 5 aligned. Looking for higher highs……….
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WE ARE
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PRE EXISTING T CELL IMMUNITY
THE SPANISH FLU OF 1918
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POSTING INFORMATION
Bonds could get whacked, taking Gold down with them.
agreed. I’m long TMV.
Certainly does look textbook
In wolf wave I have seen that wave 2 (counter trend) is always lower than the price point at start of wave 1 down.
Wave 2 is much higher than start of wave 1 down. IMO!!!
Your wave 3 could be wave 1 and low of Monday could be wave 3 (your wave 5).
That should work.
I am not picking up what you are laying down Bikoo, the structure in this wave is numbered correctly, price from point 4 went a little high before finding point 5 as all price structure should stay within the trend lines but this does not mean it will not find its objective.
That’s not mandatory….plenty of good example otherwise like this.
http://www.trade2win.com/boards/attachments/stocks/10793d1102149575-nice-wolfe-wave-developing-merck-merck2.gif
and here’s how it turned out: http://stockcharts.com/h-sc/ui?s=MRK&p=M&yr=20&mn=0&dy=0&id=p66166823233&a=465461802
wolfwave is correct. pt 2 is highest which is correct