What happens after the Wolfe Wave?

We know what Wolfe Waves are and that in most cases, the trade is closed once we finish the completion of Wave 5. But what happens after that?

Well, I just spotted something interesting on the EURUSD. We see that the EPA has been reached almost in conjunction with the ETA.

EURUSD - Bullish Wolfe Wave Completion

The obvious question is... what next? Will price rise or fall?

I took the same chart as above and then extended the trend line 1 -3. I also took a parallel of TL 1-3 and projected it from Point 1.

EURUSD - Wolfe Wave Continuation

What's obvious from this chart is the intersection of the TL and the EPA line. While the extended TL 1 -3 acts as a support line. While this is only my first observance, it will be interesting to see how the EURUSD plays out and more importantly, will it reach the price of intersection 1.317?