Gold's WolfeWave Pattern

[suriNotes]

GLD and ZG Chart Update...

Regards,
Suri

 

[suriNotes]

@ZG Chart

 

[ammo]

is this a wolf ,or do i have it wrong

 

[Karla.F]

not sure about the wwave but price made it in the retracement up the mlh.

the white fork is a modified or shiff fork...normal stuff *g but it decribed price very well.

and you could see where price stopped before and when!

at the moment there is still no up setup for me in this.

best
karla

 

[suriNotes]

hi karla,

thanks for the pitchfork update.
here is the Gold Chart update with time/price projections.

regards,
suri

 

[Karla.F]

hi all,

just a small update in case anyone is following this..

price closed with a hammer formation above the ml and above the.786 fib level. this could be a sign of the next retracement.
anyhow no long setup but i will reduce my stop to the half day range of the last long down candle.
fork has done a good job so i will stay further with it.

good luck
karla

 

[schizo]

Quote from ammo:

is this a wolf ,or do i have it wrong

It's my understanding that you must connect between 1 and 4 to form the target line. The bigger question is "does it work?"