Wolfe

[bubba]

thanks ws, that is a nice example.

here's the 1 i have been watching for several days (see earlier screenshot). it looks like it has potential..and i have seen a few of these longer term patterns succeed, but we'll see. anyone have any thoughts on playing a longer term pattern such as this?

[waveslider]

You know, I am suspicious about this one... I think the pullback may have further to run. I wrote about it in the "timing method" thread here.

[waveslider]

Probably, and also other numbers but if you apply the same numbers consistently - you will see instances where it worked...

The thing I see happen ALL the time are matching moves. Incredibly accurate.

[bubba]

cool observation OAC. i had actually seen the pattern, but on the 60 minute. funny, i never noticed it on tick / volume charts.. I should recheck maybe.

the fib extensions.. requires a special tool (indicator) to draw?
thanks for posting the chart

[OAC]

	Quote:	bubba
	the fib extensions.. requires a special tool (indicator) to draw?

No, it is the same tool as Fib Retracement, except the levels are greater 100%.

[OAC]

This is a Wolfe Wave that formed since the beginning of the month as appeared on my ES 15 minute chart. Looks like it hit the 1-4 target line and died. But that point 5 was a little tricky to narrow down. As a matter of fact it has way exceeded the standard guideline for point 5 as set forth by Bill Wolfe.

[bubba]

perfect combo

[OAC]

Yes, that is a valid one. But I saw a bigger Gartley pattern after that measured move, AB=CD

[156]

I personally don't like waves - neither elliott nor these but here is some manuals I found that might be of help if anyone is interested


.. By the way searching these wolfe waves I found forex-tsd forum's thread about them and the guy who started it, and also who posted most about it edited and deleted all his posts maybe he found his own grail in them :P

[OAC]

	Quote:	156
	but here is some manuals I found that might be of help if anyone is interested

Just to let you know, those manuals are reprint of LBR's book, "Street Smart". According to Bill Wolfe, they are not accurate.