In my previous post I mentioned about the bullish wolfe wave on the EURUSD. While back at that time it seemed unlikely due to the prevailing negative market sentiment, it did seem like the Wolfe wave pattern was right.
However, the pair failed to reach the expected 'estimated price'. But what's interesting to note is that when you draw a parallel line to the 1 - 4 pivots, with 3 as the starting point, it typically shows the price projection.
While this might be a one off event, all future analysis of Wolfe waves will include this new finding to see how well it holds.
For now, Wolfe Waves continue to amaze me at how they can predict future price movements.
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