Hello Traders,
Here we have another Wolfe Wave set up in the AUDUSD pair. Look for a long entry in a smaller time frame or simply enter once the 1-3 line is broken and the bar/candle closes above the 1-3 line.
Another thing I look for before I enter the long/short is a completion of an ab=cd pattern. To distinguish point 'a' I look for the lower high created after point 2(or higher low if going in opposite direction) and draw that line to point 3. I then clone that line and place it on point 4. This typically will give you a good indication of where price will likely visit and where you can look to strike.
If you find my charts and descriptions helpful please let me know by liking and subscribing. :]
For more information on Geo's Off-Set Rule visit: www.tradingview.com/u/4xForecaster/
Best,
Chartistry
Here we have another Wolfe Wave set up in the AUDUSD pair. Look for a long entry in a smaller time frame or simply enter once the 1-3 line is broken and the bar/candle closes above the 1-3 line.
Another thing I look for before I enter the long/short is a completion of an ab=cd pattern. To distinguish point 'a' I look for the lower high created after point 2(or higher low if going in opposite direction) and draw that line to point 3. I then clone that line and place it on point 4. This typically will give you a good indication of where price will likely visit and where you can look to strike.
If you find my charts and descriptions helpful please let me know by liking and subscribing. :]
For more information on Geo's Off-Set Rule visit: www.tradingview.com/u/4xForecaster/
Best,
Chartistry
评论:
Update: Price broke across and closed across the 1-3 line but quickly reversed to 5"(5 double prime). Now we will be looking at Geo's Off-Set Rule number 3 at point 3 as the highest level of attainment.
