AUDUSD: A Crazy example of Wolfe Wave

 

This is one of the craziest example of the Wolve Wave pattern in AUDUSD pair today. People might say it was all driven by the news but Wolfe Wave practitioner believe that it was all there in the waves.

See this 5 minute chart of AUDUSD which did a great run of 200pips up and then quickly retraced back 100% to give away the 200 pips… once the wave is calm and silent… the water ran in the original direction… slowly and gradually.

A great day for very rare few who actually were able to trade this, I was busy sleeping so I missed this guy. Even if I were awake I never ride 5min waves they can be deadly in both ways :)

 

Update: see how water actually went in the original direction but calmly this time. Its like you throwing a heavy stone in a calm water which makes a big wave, that comes back and then slowly goes away…