Wolfe Wave setups got overnight popularity when Linda Raschke first discussed about them.
Lot of information if available online regarding them.

I am attaching a Nifty chart with a possible bearish Wolfe Wave setup.
If this is a valid setup and those familiar with these waves confirm,
then possible target for Nifty in May is near 4650 levels.
Interesting thing is that it also confirms with "Sell in May and go away".

NO sumeet this is incorrect, as point 3 must be higher than point 1 for a bearish wolfe wave.

Regards
Anand Sancheti