$EURNZD | Bearish Wolfe Wave Near Completion | Targets Defined
Atualizado
Hello Traders,
EURNZD has created points 1, 2, 3, 4, and is now on its way to create point 5. The targets defined give us a better understanding of where this Wolfe Wave will start its path to the potential 1-4 target line. Although the targets defined are BULLISH this pair remains BEARISH in the higher time frame (see related post).
As always, the darker red gives a higher probability target and lesser chance of reversal while the lighter red gives us a lower probability target with a higher chance of reversal. Both targets are likely to be reached.
If price is able to reach 5' or 5" I will consider Geo's Off-Set Rule as defined by David Alcindor (4xForecaster)
Point 5 = 1-4 Target Line
Point 5' = Geo's Off-Set Rule at point 4
Point 5" = Geo's Off-Set Rule at point 3
Song
Silencio Do Amor - Luiz Bonfa
https://www.youtube.com/watch?v=tTTEPodPlHA
This Bossa Nova track is great to listen while trading, keeps you cool, calm, and collected.
Best,
Chartistry
EURNZD has created points 1, 2, 3, 4, and is now on its way to create point 5. The targets defined give us a better understanding of where this Wolfe Wave will start its path to the potential 1-4 target line. Although the targets defined are BULLISH this pair remains BEARISH in the higher time frame (see related post).
As always, the darker red gives a higher probability target and lesser chance of reversal while the lighter red gives us a lower probability target with a higher chance of reversal. Both targets are likely to be reached.
If price is able to reach 5' or 5" I will consider Geo's Off-Set Rule as defined by David Alcindor (4xForecaster)
Point 5 = 1-4 Target Line
Point 5' = Geo's Off-Set Rule at point 4
Point 5" = Geo's Off-Set Rule at point 3
Song
Silencio Do Amor - Luiz Bonfa
https://www.youtube.com/watch?v=tTTEPodPlHA
This Bossa Nova track is great to listen while trading, keeps you cool, calm, and collected.
Best,
Chartistry
Nota
Update: Both targets remain in tact and in force.Nota
Target Hit, Dead On.
Nota
UPDATE: There is a Wolfe Wave pointing in the opposite direction. If in a short, be aware of the potential move up.Best,
Chartistry
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.