Q. What is the Wolfe Wave?
Ans. Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of supply and demand that form their own equilibrium.The key to its accuracy is in properly identifying the 1, 2, 3, 4 & 5 points. These are what give it its proper balance of equilibrium. It is very important to identify the dominant Wave. It is somewhat like recognizing those 3-D pictures. After a while a smile comes to your face and you say: "WOW, I see it."
Q. How to find them these points?
Ans. There are rules for every point in both bullish and bearish formations.
Rules for bullish formation .
1 .The 2 point is a top.
2.The 3 point is the bottom of the first decline.
3. The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
4. The 4 point is the top of the rally after point 3.
5. The 5 point is the bottom after point 4 and is likely to exceed the
ended trend line of 1 to 3. This is the entry point for a ride to the
EPAline (1 to 4).
6. Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of
extended trend line of 1 to 3 and extended trend line of 2 to 4.
7. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3
and 2 to 4.
8. The Time take b/w point 1 to 3 should be equal to that of point 3 to 5.
Robin(Visit this link to know more about wolfe wave)
Ans. Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of supply and demand that form their own equilibrium.The key to its accuracy is in properly identifying the 1, 2, 3, 4 & 5 points. These are what give it its proper balance of equilibrium. It is very important to identify the dominant Wave. It is somewhat like recognizing those 3-D pictures. After a while a smile comes to your face and you say: "WOW, I see it."
Q. How to find them these points?
Ans. There are rules for every point in both bullish and bearish formations.
Rules for bullish formation .
1 .The 2 point is a top.
2.The 3 point is the bottom of the first decline.
3. The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
4. The 4 point is the top of the rally after point 3.
5. The 5 point is the bottom after point 4 and is likely to exceed the
ended trend line of 1 to 3. This is the entry point for a ride to the
EPAline (1 to 4).
6. Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of
extended trend line of 1 to 3 and extended trend line of 2 to 4.
7. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3
and 2 to 4.
8. The Time take b/w point 1 to 3 should be equal to that of point 3 to 5.
Robin(Visit this link to know more about wolfe wave)
