I have been reading about Wolfe waves and thought I would post what I see, anyone that knows about Wolfe waves and sees something that doesn’t look right, please speak up. We all know about the massive HnS built out in crude over the last year, I marked out the Wolfe wave so we have a price objective to look for if this plays out.<\/p>\n
Rules for Bullish WolfeWave Structure
\nPlease note the odd sequence in counting, as you will see, it is necessary
\nfor the inductive analysis. By starting with a top we are assured of
\nbeginning our count on a new wave. (The reverse would apply for a
\nbearish wave.)
\nThe 2 point is a top.
\nThe 3 point is the bottom of the first
\ndecline.
\nThe 1 point is the bottom prior to point
\n2 (top), that 3 has surpassed.
\nThe 4 point is the top of the rally after
\npoint 3.
\nThe 5 point is the bottom after point 4
\nand is likely to exceed the extended
\ntrend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
\nEstimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended
\ntrend line of 1 to 3 and extended trend line of 2 to 4.
\nEstimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and
\n2 to 4.<\/p>\n
Here is crude tonight, on a smaller scale we have a possible Wolfe wave in play right now, $38-$39<\/p>\n Cheers<\/p>\n","protected":false},"excerpt":{"rendered":" I have been reading about Wolfe waves and thought I would post what I see, anyone that knows about Wolfe waves and sees something that doesn’t look right, please speak up. We all know about the massive HnS built out … Continue reading ![\"images[7]\"](\"http:\/\/goldtadise.com\/wp-content\/uploads\/2016\/02\/images7.jpg\")
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