iCharts Discussions

[shekharinvest]

SW,

Here is the chart for Nifty-1m. I have tried to draw a wolf wave which is about to start its journey from point 5 to 6. Please note that price has just got above the trendline 1 thru 3.

Have I identified it correctly?

Please do make a comment.

SHEKHAR

[rajabharani]

dear shekhar, i am no great expert but in wolfe wave, point no. 3 must be lower than point no. 1. I think what you are doing is situating the appreciation rather than appreciating the situation. (u are bullish??). In fact i had also drawn the same wave as you, but i just looked up the rules. SW please correct me if i am wrong. this is absolutely new to me and in fact 4950 seems to be coming. Rajasekhar

[rajabharani]

Dear SW,
waiting eagerly for the new wolfe wave rules

[rrsekhar]

Dear SW sir - the modified rules for wolfe waves ??