Price bounced near the target and has been confirmed by the 4 hour SAR.
The 4 hour SAR is currently on a bearish retrace relative to the daily SAR.
As long as the Daily SAR is above price, the bearish Wolfewave is still in play.
Price is anticipated to go lower than what the 4 hour SAR has established as support.
To see more details and for faster movement, we look to the shorter intervals.
Shorter interval price action could invalidate longer interval patterns.
The 4 hour SAR is currently on a bearish retrace relative to the daily SAR.
As long as the Daily SAR is above price, the bearish Wolfewave is still in play.
Price is anticipated to go lower than what the 4 hour SAR has established as support.
To see more details and for faster movement, we look to the shorter intervals.
Shorter interval price action could invalidate longer interval patterns.
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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.