Sunday, May 10, 2015

wolfe wave in intraday work or not


IS WOLFE WAVEWORK IN INTRADAY CHART?


Answer is YES
wolfe wave can work any time frame chart from ( 1 minute to 4hr) and Eod charts (daily to yearly)
For example you can see 5/05/15 dlf future chart for 5 minute time frame there is a pattern Wolfe  wave which giving a selling signal from 140 to 137 target with stop loss 141 . if we combine our study with Elliott wave theory there is a 4th wave which also conform sell.

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Keshav Kumar CFA
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