For those that like to trade the night market on a smaller scale (MES) this 15-minute nailed the target line, for the most part, while you were asleep.
Precise Wolfe Wave timing works 24/7.
With the recent addition of zero days to expiration (0DTE), option trading gets even more exciting. Those with the Wolfe Wave knowledge can zero in on bets with precision to reap lottery like results.
On the two charts below the one on the left is a 30-minute of QQQ. My students could easily have recognized the bearish wave (not drawn). The chart on the right shows the price range of a put option. From bottom 1.02, to top 6.02, in just five hours on this “conservative” option choice.
QQQ with put option chart
On FOMC days things happen fast but not chaotic as TV would have viewers believe. It is simply balance: a natural rhythm, a Wolfe Wave.
At the 4 point the Fed announced a ¼ rate increase. TV analysts’ debate. Wolfe Wave practioners salivate. They know that price is likely to rally to a 5 point then reverse with a vengeance to the target line. This chart is a 15-minute of the SPY which is an ETF of the S&P. I plotted it on the SPY instead of the ES for easy comparison to a suitable SPY option.
So, what does this have to do with the stock market?
My ingredients are all natural. I use no preservatives or harmful additives: Indicators, oscillators, moving averages, or other junk.
I do use tools that were given to us by the Creator: Fibonacci spirals, waves, pendulum, vibrations and more.
Market commentary by Bill Wolfe
On the chart below the SPX is in a vulnerable position. The Fib spiral is losing its upward support and the price has entered a gap area that has thrown the price down, hard, in the past.
The Wolfe Wave count is at a dangerous 5 point, which calls for a reversal. Price could find some support at the “bumps” that I have identified.
My Wolfe Wave methodology is based on balance. It sure looks simple when I draw the lines for you. I can teach you the secrets.
Call options on TSLA have been offering lottery-like returns with minimal risk.
The current bullish wave should continue until price hits the target line or a bearish wave forms on a smaller time frame.
By taking my course you will learn the secrets and be able to scale down to as low as a 1-minute time frame to identify waves. Look too easy? Sure. Took me almost 50-years to perfect it.
The current bullish wave on the weekly time frame should continue until a bearish wave forms on a smaller time frame or the price hits the target line.
Did you know that identifying the correct time frame is the most critical component in chart analysis? Do you know that the time frame changes depending on whether you are looking for a bullish wave or a bearish wave?
This and much more is taught during my advanced lessons.
The following is a list of memorable clips, and / or conversations with clients: A call from a fund manager that just made $75,000 on a small move in the S&P. “I’ve been trading for a long time and I have never seen anything as powerful as this.” He went on to tell me how…
Be sure to identify and mark on your chart all gaps, bumps, pressure points and ABC lines, which may influence price movement, and refer to the lessons on each. This will be very rewarding psychologically when you “see” the market play out as you expect it to. Identify the target line before taking a trade.…
Tsunamis do not just occur in the oceans. Wherever there is motion there must be a wave rhythm. Accepting this fact could put you on the path to correctly reading the markets. I have been studying market waves for over fifty-years. I know the surf and I can teach you.
QUESTION: Dear Bill, I have a copy of your manual that I took off the Internet. Is this yours and is it the one that you are going to send me? ANSWER: YES, it is the one I used to post on my site until others plagiarized it. And NO, that is not the one…
What is the Wolfe Wave? Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of supply and demand that form their own equilibrium. It was not “invented” by me, but discovered. The key to its accuracy is in properly identifying the 1, 2, 3,…
Frequently Asked Question:Bill, will the Wolfe Wave continue to work in this financial crisis?Short answer: Who would you trust, Mother Nature or the politicians? The Wolfe Wave is a natural rhythm that constantly repeats. Waves have no idea that there is a financial crisis. Mother Nature just produces larger waves. (The following are waves that…
Much has been said in the media about the “supposedly” Flash Crash of 5/6/10. In my opinion, it was simply a wave of motion. They happen every day in the oceans and in the markets. When they are extreme, they are labeled “rogue” or “flash.” Both labels invoke mystery. Not so! Rogue Waves have happened…
1. Day trading is easier in a bull market than in a bear market. (TRUE or FALSE) False. Correct trading is no different in a bull or bear market. If you have a system that works in one, but not the other, you have a system that doesn’t work. This is the reason why so…