I have taken (just a quick) look at the Wolfe-Page. I have to admit that I would have to go more deeply in this setup - but on my first look I'm a bit confused: It seems to buy stocks that would be considered in a downtrend for this timeframe. As we see on the fig "Bullish Wave" the stock makes lower highs (at least (4))and lower lows ((1), (3), (5)). I do not want to question this setup if it works, but I really don't understand the rationale.
Harry