[waveslider]

Glad this thread got this pattern in my head - did anyone else catch this classic one today in ES?
It was good for about 6 points, just picture perfect trade.

Taq-

look for ranging situations. The 1-3 lines you draw are very steep.

Also use the pivot low/high instead of vaguely drawing through bars. It is important to realize why the pattern is working and see the psychology of the crowd.

I don't think those patterns you sent are valid. Study the pattern I have here...

[taq]

i m using swing high & low with WW
usually i donot put them on charts

yesterday i was able to capture 6 points on ES

[taq]

also the updated chart of NIFTY (NSE India) Index future

we are strugling to cross point 2
let us see how it unfolds

[taq]

WW tgt achieved.
risk was 20 points reward 200+

[suriNotes]

@ES (610T) Wolfe Wave on June 11th...

regards,
Suri

[suriNotes]

Some of the other charts during WW setup (H&S, ABC Bearish calls) for above @ES 610T

Regards,
Suri

[Tasuki]

Suri,
I think you're still missing the psychology of the WW. I think I've gone over some of this somewhere in a previous post on this thread, but a brief example---point #2 is supposed to the lowest low or highest high for quite some time---it's a "fear-factor" pivot that drives traders to unwillingly get out of their positions at exactly the wrong moment.
Whenever I'm looking for a WW, pivot #2 is the "sore thumb" I look for--it sticks out as plain as day. I don't see that "sore thumb" look in the potential WW you have shown for the ES.
Hope this helps,
Tasuki

[waveslider]

Agree with you Tasuki, these are not wolfe waves. The reason for the pattern's success is the psychology, as you stated. There has to be strong participation "washing" people out and getting them positioned on the wrong side of the mkt.
Pt. #2 (bearish scenario) should look to bulls like a bottom. Pt.#4 should look like a higher low potentially giving a confirmation of a bottom.
Then it all falls apart and the wolves take over (supposedly).

Most important is that this pattern happens in a ranging situation- a trend on a higher time frame negates the pattern....