Hello Traders,
Here we have a developing Wolfe Wave for AUDNZD. The goal of this post is to find point 4, which can be rather elusive.
Highlighted in grey is a Wolfe Wave that completed. As this Wolfe Wave was forming we created an ab=cd pattern that gave us points 1 and 2 of the developing Wolfe Wave. Point 2-3 formed as the first Wolfe Wave completed at it's 1-4 line trajectory.
You'll also notice that I drew the 1-4 trajectory line without point 4 being present. My goal here is to see what role the anchor, highlighted in green, plays in developing point 4 of this developing Wolfe Wave.
Discussions are encouraged along with your ideas of this pair.
-Chartistry
Here we have a developing Wolfe Wave for AUDNZD. The goal of this post is to find point 4, which can be rather elusive.
Highlighted in grey is a Wolfe Wave that completed. As this Wolfe Wave was forming we created an ab=cd pattern that gave us points 1 and 2 of the developing Wolfe Wave. Point 2-3 formed as the first Wolfe Wave completed at it's 1-4 line trajectory.
You'll also notice that I drew the 1-4 trajectory line without point 4 being present. My goal here is to see what role the anchor, highlighted in green, plays in developing point 4 of this developing Wolfe Wave.
Discussions are encouraged along with your ideas of this pair.
-Chartistry
