3SOF

Thank you kslifka.

Yes, violation #1 was using the last runup to FORD's high of $29.85 - it's only been downhill after that, not before. We need something ALREADY in a downward trend.

Violation #2 was point 1 not connecting with point 3 so that it revealed point 5 accurately. And even for accuracy's sake, I don't want to see FORD go to $10 so that things do line up!

Calven, great to see you online. Yes, I meant to say the line from point 1 through 4 revealed point 6 to be at $28.

On the chart I drew of FORD, the line from point 2 to 4 was NOT parallel with the line from point 1 to 3. I see your bull and bear examples are parallel. However, line 1 to 2 and 3 to 4 are closely parallel, and line 2 to 3 and 3 to 5 are closely parallel.

If FORD is a mistake, maybe someone can draw it so we all see the mistake!

Hello All - I'm a first time poster. Thank you Calven. I find this topic very compelling. I'm anxious for feedback about a Wolfwave pattern that may have formed with FORD. Unfortunately, I don't know how to get a chart of my work included here. Anyway, for those inclined to draw the chart for me/us, I would appreciated it.

From the $22.35 low on August 25, to the $29.85 high on September 13. This is point 1 to point 2.

From point 2 to the low of $16.75 on October 14. This is point 3.

From point 3 to the high of $26.40 on November 14. This is point 4.

From point 4 to the low of $13.91 on December 15. This IS point 5, or where point 5 was violated. In other words, I think we're at the buying point for the ride to point 6.

The line from point 1 to point 6 reveals a price target of $28. Not too shabby.

Thanks for your input.