[suriNotes]

Hi Tasuki and Waveslider,

I agree with both of you... I was bit doubtful of WW and need to know
lot more about WWs. But I also had other reasons to trade this pattern.
Perhaps this could be a variation of a Broadening Pattern??

See how overall the pattern resulted. I will post few other pics and
how the setup was anticipated. I did have help from
ABC Bearish/H&S Setups (from previous posts) also.

Thanks for your insights.

Regards,
Suri

[waveslider]

Had to post this poster child pattern from overnight session the other day.

Occurring within a range - notice the quick and violent move to pt. #5

[waveslider]

Any takers?
not crazy about the point#1 but a nice move down to 5..

[waveslider]

Last one worked PERFECTLY. Lots of these showing up recently....
And here's another one....

That's SPY on a half hour chart , sort of an ugly format - sorry...

[taq]

this one worked perfectly for me
Bank Of India Hrly

[waveslider]

Well I hope someone else on the forum was watching this one... the wolfers out there are cleaning up.

[waveslider]

All I can say is, wow - -that is one of the nicest ones I have ever seen.

This one is perfect because it fails above the range (marked with horiz. white lines) and below the range.

#2 point gave people plenty of time to get long.

#4 to #5 was steep and dramatic, beginning with a gap and hardly looking back.

[waveslider]

Here we go again -

Ever since the market has made this steep move up with no pullbacks, I have been suspicious. Direct sustained moves through resistance are usually a run on stops engineered to create fear. This move has fear written all over it.

Fear is what creates a perfect 4-5 move in a wolfe wave, so here we go.

Daily charts of $spx.x and FDX.

The S&P point #1 starts at the 50% level of a range.

The other chart I have here is for Fedex, what is interesting is that it has the same WW pattern, but if you run an Andrews pitchfork on the pattern, the centerline runs perfectly with the WW line. I shorted a little today.