Does anybody use Wolfe waves for trading? It will be interesting to hear feedback
Does anybody use Wolfe waves for trading? It will be interesting to hear feedback
Thanks!Thomas Bulkowski did a pretty detailed analysis of Wolfe waves, and found them to be underwhelming. He also found some inconsistencies in Wolfe's research, and got the brush-off when he emailed him to clarify them.
http://thepatternsite.com/WolfeWaveBull.html
Wolfe traders are obsolete technique unless majority of traders and hedge funds use this stuff it is useless as any price patterns are very unstable in the dynamic market which is constantly changing.