A Wolfe Wave is a chart pattern made up of five price wave patterns that indicate an underlying equilibrium price. Investors who use this strategy time their transactions depending on the pattern's resistance and support lines. The Wolf Pattern is made up of five waves. The Wolf Pattern works best in all time frames as it moves towards market stability due to the fight between the seller and the buyer. Here are 3 key points that I am discussing with you. The Wolf Pattern is a technical five-wave pattern that explains the bullish or bearish trend.