This is an earlier signal compared to the standard bearish Wolfewave entry - which is price entering back below the 1-3 line.
Here, I placed a 1:3 risk/reward ratio.
Keep in mind that there could be stop hunters just above the bear risk tolerance.
Next in line in the fractal order to mark a swing high will be the 4 hour SAR.
Standard bearish Wolfewave Target is the 1-4 line.
Alternative Targets are the Magic Lines.
Patterns can fail
Do your own due diligence.
Here, I placed a 1:3 risk/reward ratio.
Keep in mind that there could be stop hunters just above the bear risk tolerance.
Next in line in the fractal order to mark a swing high will be the 4 hour SAR.
Standard bearish Wolfewave Target is the 1-4 line.
Alternative Targets are the Magic Lines.
Patterns can fail
Do your own due diligence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.