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Showing results for tags 'wolfe wave'.
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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?