Test trade on Wolfe Wave
This is a test trade to check the existence of a Wolfe wave here. A bit strecthed and so there is an high chance that I'm seeing here what "I want to see" which is the ultimate sin of all pattern traders.
But I want to look at the Wolfe theories.
In this case the leg down kinf of resemple a Wolfe wave but it is not simmetical enough so it may fail.
In any case, a small lot trade just to play with it. The target reached by connecting the point 2 and 4 has been reached so Mr. Wolfe would short this point.
Let's what happens
But I want to look at the Wolfe theories.
In this case the leg down kinf of resemple a Wolfe wave but it is not simmetical enough so it may fail.
In any case, a small lot trade just to play with it. The target reached by connecting the point 2 and 4 has been reached so Mr. Wolfe would short this point.
Let's what happens
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