Get started

Wolfe Wave

dji updateOn February 7, traders focused on Fed Chair Powell’s comments on the monetary policy at The Economic Club of Washington. Powell noted that the disinflationary process had begun, but there was a long way to go before Fed’s inflation target would be reached. Importantly, Powell stated that Fed would not change its 2% inflation target, which remained the global standard. According to Powell, the road to the 2% inflation will be bumpy. The recent job market data was much stronger than expected, and
TVC:DJI
by MtICHI
two scenario both ends @ 25$ ,believe it or notplease see chart on daily time frame we may have seen a head and shoulder pattern is underway to be completing or we may face with fifth wave of an impulsive wave to be complete. green line breaking will specify which scenario will happen if green line breaks stock will rise to 500-600 $ and then go to 25$ if green line holds ,head and shoulder completed and stock go to 25$ a wolfe wave is also seen between head-and-shoulder-like pattern which is indicating upward move is more probable. targe
NASDAQ:TSLA
by MtICHI
12
a nice repetition of a pattern made earlier for target of 0.23$a nice repetition is underway as in 2022 a pattern made as depicted on the chart which is now happening in the same way with target @0.23$ the underlying behavior of such pattern is how kijensen and tenkesen of ichimokou is arranging when candles are going toward them. another reason for correctness of this pattern is a wolfe wave pattern made earlier and its target is 0.23 please share your comments if you like this please see my previous analysis as below:
BITFINEX:XRPUSDShort
by MtICHI
6
HOW-TO: Wolfe Strategy [Trendoscope]Just made this short video to explain the concepts of Wolfe Strategy which I recently published. Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules. Entry price based on breakout No moving target - using flat target. Entry is done based on risk reward Not time bound Intelligently decides whether to place stop order or limit order Few possible future improvements Make bidirectional trade
BINANCE:ETHUSDTEducation
by Trendoscope
5
wti updateTrader reaction to the long-term 50% level at $72.31 is likely to determine the direction of the January WTI crude oil market on Friday. Bullish Scenario A sustained move over $72.31 will indicate the presence of buyers. This could lead to a test of the minor top at $75.44. Taking out this level will change the minor trend to up and could trigger an acceleration into the short-term Fibonacci level at $78.72. Bearish Scenario A sustained move under $72.31 will signal the presence of sellers. Th
FX:USOIL
by MtICHI
Low Probability, High Reward BTC setupWith the FTX & Binance issues, plus crypto regulation likely coming next year, I don't have much faith in this setup. However I can't ignore the doubled up harmonics here, Bull Cypher and Bull Wolfe Wave. I'm prolly not a player until it establishes support above the $21k POC. Then we're looking for $29k>$37k>$60k targets. Above 19k is probably good for a $21k POC test, but risky and doubtful right now. Lower TFs have some bearish setups.
COINBASE:BTCUSD
by Nicklaus68