Wolfe wave as a way of looking into the future 14 Apr. 2022 16:08 Dear Friends, A successful trader, then, wins in the market! We are all reasonable people and we understand that the stock market is not a money printing press. If one trader wins, another loses, that's the law! Most participants cannot win in the stock market, it is obvious! Therefore, to make profits, it is necessary to have your own, completely different vision on the market.
Wolfe's wave theory allows you to have a different vision of the market and invent your own way of trading, completely different from the majority. The specific feature of the theory is that it does not follow the trend. It suggests following the waves, moving from one dynamic point to another. Most technical analysis patterns are based on deduction, that is, they Peru Mobile Number List suggest general laws for specific cases. Wolfe waves are, on the contrary, based on the inductive method, that is, the market is analyzed from the specific to the general. Basically, Wolfe waves describe the natural process of wave formation of supply and demand, following the fundamental law of physics, that every action generates a reaction.
The main feature of these waves is the possibility of identifying the target for setting profits not only at price levels, but also on the time scale. In this article we will analyze: Wolfe waves as a kind of "expansion wedge" pattern Bullish “Wolfe Waves” Pattern Bearish “Wolfe Waves” Pattern We study the inverse pattern “Wolfe waves” Wolfe Waves Trading Strategy Before beginning a detailed description of waves, Bill Wolfe pays special attention to the postulates of trading on the stock market. Chances are you've learned about them, or at least instinctively guessed. However, I want to give my respect to Bill and list the main trading rules here: 1. Your patience in the market will always be rewarded. 2.