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Even the time predicted by 135 and 24 interesection worked perfectly.

One more thing that I noticed is that if you draw a smaller wave with the next peak after point 3 as mini point 4 and next touch as mini point 5 , than the target line from 1 to mini4 , perfectly points to major 4.

What are the warning signs that the wolfe wave is about to fail ? I mean , I have seen perfect patterns following all the rules , nice turnarounds from the line connecting points 1-3-5 and giving you all the confidence that the target 6 will be reached. Then , suddenly poof , the pattern falls apart. What are the indicators that one should watch out ? I mean a warning sign that the wave is about to fall ? Thanks in advance .

Can Waveslider or someone else answer this question ? What is the other technique to estimate the ETA point apart from the 1-3-5 and 2-4 lines intersection. Measuring point 2 to point 4 time and doubling it work ? Or is it some fibonacci projection of 2 to 4 ? Thanks in Advance .

Does Scale matter to the drawing of Wolfe Wave ? I mean whether using logarithmic or linear .

Thanks for your reply. Most of the time , I get confused about point 1 . More often than not , there will be at least two points which can be labelled as 1. And identifying point 1 is very crucial in order to draw the line from 1 to 4. So if I see two possible points which can both be point 1, should I take the one with the lowest volume ? Thanks.

Waveslider , Can you explain the volume rules for the Wolfe wave briefly ? My understanding from observing a lot of charts is this. 1. Point 1 should be the lowest volume of all points. 2. point 2 will have the highest volume. 3. Point 3 's volume will be higher than 1 but less than 2 4. Point 4 's voume ????? 5. Point 5 's volume will also be higher than average. Am I on the right track ? or not even close ? Your reply will be much appreciated. Thanks in Advance.