Wolfe wave trading
Wolfe wave MT4 indicators
As practice shows, all these Wolfe wave indicators aren't perfect, but can certainly be of some help, while manual trading remains the best option still.
Wolfe waves: quick introduction
Wolf waves belong to swing trading methods. It was developed by Bill Wolfe, who has made living trading S&P.
Wolf wave pattern consists of 5 waves, which form a channel or an ascending/descending wedge in advancing/declining markets.
Wolf wave bearish and bullish patterns
How to count Wolfe waves – bullish setup
Wolfe wave is a reversal pattern, therefore it is important to know exactly how and where to look for it, otherwise a trader risks being on the wrong side and trading against the trend that isn’t over yet.
- point 2 is a top.
Wolfe wave trading examples
Below are the 1H USDJPY chart with 2 Wolfe wave setups:
A clear simplified chart with already identified waves and lines.
A chart with Wolfe wave count as well as entry & profit targets.
Stops with Wolfe waves
The Stop is placed behind point 5.
Wolfe wave trading requires training your eyes to spot setups. It may take awhile, but afterward it becomes easy to stop Wolfe wave patterns across all time frames: from 1 min charts to monthly charts.
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