Wolfe Wave
TESLA : Bullish - Butterfly-Wolfe Wave-Head Shoulders inverseTESLA : Bullish - Butterfly-Wolfe Wave-Head Shoulders inverse
A butterly was detected since several weeks
We have also a Head shoulders inverse
and a Wolf Wave Bullish
then the market can reach 207 and the 233 $
To monitor the EMA.50 and EMA.200 and ICHIMOKU "kijun"
NB : Divergences ROC and RSI , bullish
Bearish Wolfe Wave - Nifty /weeklyFriends, Technically I see bearish Wolfe wave forming in nifty weekly chart, though it initially gave 2 red weekly candles, there is a high chance of making fresh all time high considering big event (Union Budget) (or) it might face resistance at 21970 to 22060. Hence i am unable to find proper stop loss for this pattern this time... Those who are already in short side please keep your tentative stop loss as 22125. If Nifty didn't cross 22060 go short and my target is big ( I may be wrong). I marked few of the supporting points with green lines along with the target.
Your views, suggestions and comments are welcome. Please not this chart is only for educational purpose. Neither I am suggesting for any trade nor I am a SEBI registered analyst.
Thank You.
BTCUSD on wolfewave and coming up to SWAPBTCUSD has bearish wolfewawve and a swap zone above confirming a faleout. Previously it reacted from Small FL and gave 7% fall. now its trap time and will take our alll long buddies out from race.
Target is very huge so it will make few pullback before coming to its final target. evvery FL (BOX will act as support and resistance.
Banknifty - Probable Bearish Wolfe WaveThe bearish Wolfe Wave, a powerful chart formation that warns of impending bearish moves in financial markets. Understanding the characteristics and implications of this pattern can provide traders and investors with valuable insights into potential downside opportunities.
As seen in the chart, a Wolfe Wave consists of five waves, labeled with the letters or numbers. I have used numbers 1 to five identifying different swing highs / lows.
Basic rule of Wolfe Wave is that lines joining point 1 and 3 and line joining point 2 and 4 should converge ahead in time. If the slope of both the lines is positive, then the so-called structure is a bearish Wolfe Wave.
Point 5 can overshoot as well, hence we wait for bearish price action to be formed after point 5 crosses line joining points 1 and 3. Sometimes, it doesn't touch the line and reverses, however it is a rare scenario.
The bearish Wolfe Wave pattern serves as an early indication of potential market weakness and a forthcoming bearish trend. If confirmed, investments can be hedged or investors can sit on liquid investments in the correction phase.
An interesting part is that the time of the bearish Wolfe Wave is coinciding with pre-election period where volatility is likely to increase pulling the market downwards.
Please note - This is for educational purposes only, and not a trading advise. Please like and share if you like the content.
ALKEM NSE:ALKEM
Date : 11/05/2023
Chart Pattern : Wolf-E-Wave Pattern.
Time Frame : Daily
CMP : 3572
View : Bearish
Targets : 3490 (7 days)
Stop Loss Level : Closing Below 3620
Disclaimer.
I am not sebi registered analyst.
Charts and levels are posted for Educational Purpose only it's not Recommendation. Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
bank niftybank nifty ve Wolfe wave with exhaustion gap with rsi divergence,
show heavy weekness below 41880
trend line breakdown close and hold below and retest the trendline
breakdown of triangle
BShort
DELTACORP - BULLISH - WOLF-E WAVE
NSE:DELTACORP1!
Buy DeltaCorp above 190
SL 178
Targets 238
Time 2-3 Months
Pattern Identified : Bullish Wolf-E Wave
Disclaimer⚠️
•We are Not SEBI Registered
•Admins are not responsible for any profits or losses as this is Not a buy call and Just For EDUCATIONAL PURPOSES ONLY🗒️
Mahindra & Mahindra Finance - ALT Shark with Wolfe Wave
M_mFin has alt shark along with wolfewave and rsi negative divergence on daily timeframe . Also a deep crab and Wolfewave at lower timeframe, Expecting a upside move till shark PRZ after hitting small TF ww target . IF sl taken then we can expect Gartley and can long till 272.
Forecast of gartley if broken B
HINDALCONSE:HINDALCO
The 200EMA of the Stock is at 443.
Sell below 442 for Targets of 428/420, with stoploss at 454.
The Stock is already falling in a WolfeWave setup with tagets to the line connection Point 1 and 4.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.






















