Here are 2 Wolfe Waves , one on a 5 min time frame and the the other on a 4 hr time frame , the 5 min is also a perfect Gartley where i have set a Sell Limit and just activated .
I have 2 targets on for the smaller time frame and the other for the 4 hr for a Cypher completion .
Please trade your own plan and your own rules as this is only educational Trade what you see
Kommentare
johnmad
⋅
Target 2 for the Cypher Completion now in sight
johnmad
⋅
Target 1 Hit
johnmad
⋅
Just updating this trade as i am still in this Short , my Stop Loss was not hit and i am now in some small profits , my target is still the same, will wait this one out and possible add on my way down , safe trading and trade what you see and your own plan and rules .
johnmad
⋅
Yes and it's no problem ,
Firstly i identified a Wolfe Wave on the 5 min Chart that will define point 5 of a Wolfe Wave for a Sell .
Secondly there is a Harmonic Gartley Pattern ending at the same Sell Limit Position .
Thirdly there is an AB=CD equal move with a 161.8 extension and also ending at the same sell limit position .
My target 1 is for the 5 min where i anticipate a reversal point with advanced predictive analysands that i have studied in the past .
My main focus is the 4 hr target where there is a possible Cypher Pattern Termination .
lkthomas
⋅
can you explain a little bit how did you come up with that sell limit level?