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Old 08-11-2007, 11:25 PM
waveslider waveslider is offline
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Wolfe
Is anyone familiar with the wolfe wave?

The YM and NQ are showing pretty classic examples.

Here is a daily chart of YM, the up-trending blue line is the target line.

This is a high probability pattern in a ranging market, which YM certainly is in after the expanding pattern over the past 2 months.

If you are not familiar with the wolfe wave, google it - it is an effective pattern that happens frequently.

Any comments?
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File Type: jpg Wolfe.jpg (15.3 KB, 347 views)

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