Wolfe waves are made up of 5 wave formations, a downwards sloping wave will result is a bullish reversal where as an upwards sloping wave will result in bearish reversal.
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
Wolfe waves are made up of 5 wave formations, a downwards sloping wave will result is a bullish reversal where as an upwards sloping wave will result in bearish reversal.
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium