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  • WW 1

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    Mohammed Rafi
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    The document outlines four ways to enter a market position based on technical analysis patterns: (1) sell in an overbought market above resistance lines, (2) enter long after a volume confirmation below support lines, (3) enter long after a trendline break but trail a stop loss on a retest, (4) enter long on a retest of a broken trendline combined with price compression and a falling wedge pattern. It also describes characteristics of a bullish Wolfe Wave pattern including wave 5 defined by an uptrend line from waves 1 and 3, wave 4 retracing 61.5-87.5% of wave 3, and wave 4 holding below the high of wave 2.

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    The document outlines four ways to enter a market position based on technical analysis patterns: (1) sell in an overbought market above resistance lines, (2) enter long after a volume confirmation below support lines, (3) enter long after a trendline break but trail a stop loss on a retest, (4) enter long on a retest of a broken trendline combined with price compression and a falling wedge pattern. It also describes characteristics of a bullish Wolfe Wave pattern including wave 5 defined by an uptrend line from waves 1 and 3, wave 4 retracing 61.5-87.5% of wave 3, and wave 4 holding below the high of wave 2.

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    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    22 views1 page

    WW 1

    Uploaded by

    Mohammed Rafi
    The document outlines four ways to enter a market position based on technical analysis patterns: (1) sell in an overbought market above resistance lines, (2) enter long after a volume confirmation below support lines, (3) enter long after a trendline break but trail a stop loss on a retest, (4) enter long on a retest of a broken trendline combined with price compression and a falling wedge pattern. It also describes characteristics of a bullish Wolfe Wave pattern including wave 5 defined by an uptrend line from waves 1 and 3, wave 4 retracing 61.5-87.5% of wave 3, and wave 4 holding below the high of wave 2.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    ENTRY RULES: (a) First way to enter: In a highly Overbought (All bulls tired) market sell above 1-3-5

    line itself. (b) Second way to Enter: Let point 5 be made above 1-3 line then in the next candle in the same TF volume must reduce. Then after volume confirmation you may enter. (c) Third way to enter: After 2-4 line is broken....but here you need to trail your SL order because market has to retest the Trendline 2-4 (assume by default). (d) Fourth way to Enter: When retest of the Trendline 2-4 occurs. Price Compression and Falling Wedge in a Bullish Chart.

    RAY BARROS-----WW PATTERN characteristics of the BullishWolfe Wave. 1. Wave 5 tends be identified by a trend line that usually originates from waves 1 and 3. 2. Wave 4 tends be a deep retracement (greater than 61.5 but less than 87.5) of Wave 3. 3. Wave 4 holds below the high of Wave 2.

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