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A Wolfe Wave is a chart pattern composed of five   wave   patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.Wolfe Wave patterns were first identified by Bill Wolfe and his son, Brian. According to Wolfe, they occur naturally in all markets. To recognize them, traders must identify a series of price oscillations that correspond to specific criteria: In a Wolfe Wave

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