USDCAD | Rogue Wave Ignites Bearish Move | Larger WW In ProgressHello Traders,
Here is a wonderful example of a Rogue Wave in progress. A rogue wave explained by Bill Wolfe is as follows:
"Sometimes everything is in synch and you will get a rogue wave effect similar to what occurs in the oceans of the world. These can be extremely profitable in the futures and stock market."
Although there is a very little mention of the rogue wave in his public PDF file, it is an extremely strong move when it occurs.
A rogue wave is when you have two Wolfe Wave's that synch together, ideally having the same point 5 (as the two internal WW's do). This creates a strong reaction to the direction the WW is pointing. When looking at the bigger picture, we can see that there is another WW that is pending completion. This too, is in synch with the WW's currently in progress.
Overall, I expect the internal WW's both to hit their target and for the larger WW to complete.
Stay tuned,
Chartistry
