WolfeWave Pattern

Hukum WolfeWave

A) Bullish Wave

IMPORTANT POINT: If you use WolfeWave indicator, you cannot begin looking for the Wolfe Wave until points 1, 2, 3, and 4 have been formed. Keep in mind that point 3 must be lower than point 1 for a LONG/BUY setup. 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. Also, on the best waves point 4 will be higher than point 1 for a LONG/BUY setup.

* 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.

B) Bearish Wave

( Gambar belum jumpa lagi - sila refer gambar paling atas sekali)


IMPORTANT POINT: If you use WolfeWave indicator, you cannot begin looking for the Wolfe Wave until points 1, 2, 3, and 4 have been formed. Keep in mind that point 3 must be higher than point 1 for a SELL/SHORT setup. Please note the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a bottom we are assured of beginning our count on a new wave. Also, on the best waves point 4 will be lower than point 1 for a SHORT/SELL setup.

* The 2 point is a bottom.

* The 3 point is the top of the first decline.

* The 1 point is the top prior to point 2 (bottom), that 3 has surpassed.

* The 4 point is the bottom of the rally after point 3.

* The 5 point is the top 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.