Wednesday, August 8, 2012

Following the Wolfe

I only recently became aware of the Wolfe wave. Here is the first 'win' using this pattern.

I posted this chart of ES futures at Cobra's website this morning. The ratios checked out at 127% on both legs so I made the following post -

Link to the post

I had put up the following chart. As we know the target is the touch of the line connecting 1 and 4 (blue line in the chart).

In a few hours, the target of 1400 was met

Wolfe wave works!!

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