Short Dow Jones - Wolfe Waves
Wolfe wave pattern.
1. Wait for the price to come to the "sweet zone".
2. Enter on the exit from "sweet zone".
3. Take profit if the price touches the vertical pink line (TP1).
4. Take profit 50% if the price comes to lower line of the channel (TP2). Set the stop to breakeven.
5. Take profit 100% if the price comes to lowest diagonal line (TP3).
Remark:
Pattern will be invalidated if it gets above the "sweet zone" (purple area).
1. Wait for the price to come to the "sweet zone".
2. Enter on the exit from "sweet zone".
3. Take profit if the price touches the vertical pink line (TP1).
4. Take profit 50% if the price comes to lower line of the channel (TP2). Set the stop to breakeven.
5. Take profit 100% if the price comes to lowest diagonal line (TP3).
Remark:
Pattern will be invalidated if it gets above the "sweet zone" (purple area).
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