Wolfe Wave - Rectangles - Experiment 2

In this experiment, we'll look at USDCAD Pair.

USDCAD - Wolfe Wave Experiment

From the chart below, it is obvious that price failed to touch the peak of 1.08193. However, we cannot assume that price has started a downward trend. As long as price is still in the rectangle, we have to assume the underlying theme, which is a probable price move towards 1.08193. Our ETA for price to come out of this rectangle is 23rd August.

Our target price is projected at 0.9683 which is expected to reach around 30th of September.

For now, we'll have to wait and watch.

Wolfe Wave - Rectangles - Experiment 1

Let's take a live example of Google Stock. I had previously predicted shorting Google. Let's see how it works by using rectangles in Wolfe Waves.

Wolfe Wave Experiment, GOOG

So what do we infer from this?

Firstly, price hasn't yet reached 937.42. However, note that the rectangle also tell us the time constraints. So if Google's share price doesn't peak 937.42 before 12th of July, we can expect to see a drop.

The second rectangle shows us that the lowest price Google can go to is 817.32 and this should happen on or before 18th July.