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S&P 500 Index
Short

Wolfe Wave Hourly Bars

121
Perfect WW set up occurred on the hourly bars.
Point five usually retraces to 0.786
News out it bounced down directly to Target Line
Great toll for scalping trades in a trending market.
Essentially a bear flag as someone has already noted
Koch0617
Chart PatternsSPDR S&P 500 ETF (SPY) Trend AnalysisWolfe Wave

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.
Chart PatternsSPDR S&P 500 ETF (SPY) Trend AnalysisWolfe Wave
Koch0617

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.