As My experience, point 5 must exceed the 1-3 linked line. A small dip means a strong up. I only have 60% winning rate to draw Wolfe...
See if it will work out.
It looks as same as my R/S calculation.
Alan Farly's book ..... really a boring book :D And his seminar too:(
trend will end at a price spike, and like to continue before that.
If you are not clear, you avoid the trade.
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