[vmcd62]

Originally Posted by honeb

http://www.chart.nu/wolfewave.htm (oooo i found this. they also show gartley formation)

Wolfe Waves are a favorite pattern that I follow, but don't necessarily trade...you should just be aware of how often they occur in every market, time and again.

You can see from almost any timeframe this 5 wave pattern. It's the market's way of transitioning from periods of low volatility to high by expanding the range above and below the market in distinct legs.

Linda Rashke does talk about this pattern in the book "Street Smarts"..

It can be traded, but I haven't really done that much trading off of these patterns.