ES Journal - 2012

Wolfe Wave pattern in euro

 

out at 1417....that was a buying spike i decided to get out

will possibly reenter

 

Nice charts. Would you mind expanding on the Wolfe Wave pattern? What is it? What is the target?

Thanks.

 

http://www.wolfewave.com/

 

Target is a test of the 1-4 line

http://www.chart.nu/wolfewave.htm

 

I got fooled by markets

Short again at 1415.25

 

Here's another one completed at the open

 

Choppy action, but I still think we head lower for the day.

Depends on what happens from here of course. We're still trading below the 50% zone and making lower highs.

May change my opinion short term if we take out 1411.

Still the potential to fail again at a higher level though.

 

good charts thanks

 

Looking stronger now. I generally use the 50% level as a gauge of who's in control. It does not always work though, but we're still in the red for the day.

Looks like we may try for the gap one more time. Could still fail there though or at the HOD.

NQ is a lot weaker today. Something to do with Apple?