April 20, 2024

Trading signals! | Wolfe Waves on ETHUSD

Trading signals! | Wolfe Waves on ETHUSD

Wolfe waves on Ethereum are a 5-wave reversal pattern. Formed at the end of a trend. Ideallyis also a wedge (not in thiscase). It does not work well, but the profit factor for it is excellent (if the levels are set according to the ABC book). Entry on touch with a small stop, take profit on the continuation of the 1-4 line or horizontal level from point 4. In any case, the ratio is interesting.