Something to take note of, I know these Wolfe waves never work but thought I would post anyways for entertainment purposes. There is a point of concern here as I see it, the red bullish wave looks to be in charge and playing out nicely with a good back test to it’s top rail, what is potentially transpiring is another bearish wave that points to a rather steep downdraft testing the top rail again. The blue wave looks rather steep and more than likely won’t transpire as it looks to strong to be influenced and should power through, but…..these are interesting times. NOTE – One major thing to watch for in Wolfe waves is a corresponding wave within a wave, a bearish wave building out in a bull wave, which is what we potentially have here, just watch if the top blue trend gets broken to the downside. If this is to be, what are the implications? Could it be foretelling of a swiftly rising USD? OR not.