While I don't know a lot about the Wolfe Waves pattern, I am wondering if it could be possible that we have one developing on the daily time frame. It may be too early to tell and I'm just jumping the gun a little.
I don't think it will become apparent unless we get a point 4 to print on the chart. This will then let us determine the 2-4 line and therefore the 3-5' line (currently the dashed blue lines - assumed).
The dashed green 1-4 line is also assumed as we need that fourth point to complete the convergent lines and see a declining wedge.
Time will tell my friends. If you have any advice, comments or amazing abilities (looking at you 4xForecaster) please chime in.
I don't think it will become apparent unless we get a point 4 to print on the chart. This will then let us determine the 2-4 line and therefore the 3-5' line (currently the dashed blue lines - assumed).
The dashed green 1-4 line is also assumed as we need that fourth point to complete the convergent lines and see a declining wedge.
Time will tell my friends. If you have any advice, comments or amazing abilities (looking at you 4xForecaster) please chime in.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.