IF YOU FOLLOW ME, YOU KNOW I LIKE WOLFE WAVES AND INTRODUCE LIKELY WOLFE WAVES.
IN THIS EXAMPLE I SUPPOSE YOU TO TRADE A NICE BEARISH WOLFE WAVE. YOU SHOULD ONLY TRADE, IF BAR SHOWS AN IMPULSE DOWN AND BREAK THE LINE BETWEEN 1,3 AND 5.
IN ADDITION, THE GREATER CHART BEHIND DAILY CHART SHOWS A BIG CORRECTION WAVE. THIS CORRECTION HAD ALLREADY BUILD AN RESISTANCE LINE - I PAINT IT IN YELLOW SHAPE.