$CADJPY Smaller Wolfe Wave Nears Completion at Point 5

2016年4月17日

Hello Traders,

Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe. If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be interesting to see how this plays out.

Side Note - The dotted orange line represents an invalidation line, something I picked up from 4xforecaster. In order to know when the projected Wolfe is invalidated, one must take the parallel of the 1-3 and place on the current point 4. If price surpasses this line, then the current Wolfe Wave is invalidated. You can view more cool lessons from 4xforecaster here: tradingview.com/u/4xForecaster/

Best,
Chartistry

2016年4月21日

注释

Acting as forecasted. Will update this chart once point 5 is hit.

2016年4月22日

交易开始

Short position active. Point 5 reached.

2016年4月26日

交易手动结束

More room for upside, I'd be looking for 5' and even 5" as area's to short. Updates to come.

2016年4月28日

注释

5' hit and reacted. Now looking for an opportunity to short. Will stay up to date with this one.

2016年4月28日

交易开始

2016年6月26日

交易结束：到达目标