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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. |
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Rules for Bullish WolfeWave Structure: Please note the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a top we are assured of beginning our count on a new wave. (The reverse would apply for a bearish wave.) The 2 point is a top. The 3 point is the bottom of the first decline. The 1 point is the bottom prior to point 2 (top), that 3 has surpassed. The 4 point is the top of the rally after point 3. The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4). 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. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4. |
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" This particular methodology is perhaps the most unique, effective trading technique I've ever come across! It was developed and shared by a good friend, Bill Wolfe, who for the last 10 years has made a living trading the S&P His son, Brian, also trades it. Brian was the first teenager I've ever met who consistently made a good income scalping NYFE (Knife) futures from his apartment. Brian, now 21, has expanded into trading the Wolfe Wave in other markets. Bill's theory of wave structure is based on Newton's first law of physics: for every action there is an opposite reaction. This movement creates a definite wave with valuable projecting capabilities. This wave most clearly sets up when there is good volatility. With a bit of practice, it is easy to train your eye to spot these patterns instantly. " |
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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. |
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WolfeWave A rhythm based technical system similar to Elliot Wave analysis. Identifies waves of supply and demand that form their own equilibrium. |
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Investopedia Says Investopedia explains Wolfe Wave If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security. To identify Wolfe waves, they must have the following characteristics: Waves 3-4 must stay within the channel created by 1-2 Wave 1-2 equals waves 3-4 (shows symmetry) Wave 4 is within the channel created by waves 1-2 There is regular time between all waves Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point The estimated price is a price along the trendline created by waves 1 and 4 (point 6). |
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In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there. Source(s): investopedia.com |
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In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there. Source(s): http://www.investopedia.com/terms/w/wolfewave.asp |
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In technical analysis, it is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there. Source(s): http://www.investopedia.com/terms/w/wolfewave.asp |
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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. It was not "invented" by me, but discovered. 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. Source(s): http://www.wolfewave.com/ what_is_the_wolfewave.htm |
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