What do we need to set up a wolf wave – a real Wolf Wave?
For starters, a converging wedge, or triangle. Check.
Actually, a 5 point reversal pattern would be ideal. Check.
Oh, and we should have a false break out at point 5. Check.
Then a recovery into pattern, and break out at the opposite side. Check.
A break out gap would put icing on the cake. Check again.
Hmm. Sure does look like a WW set up.
Let’s see what happens…