Price action and chart pattern trading setup
> Elliott Wave Analysis Mapping with ending diagonal positioning target downtrend reversal pattern
> The current potential final wave 5 within the target zone extended 0.5 of wave 3 and retraced exactly 1.618 of wave 4.
> Long 1st Entry @ Ending Diagonal downtrend line breakout and 2nd entry @ Elliott Channel Breakout for reversal confirmation
> 1st Target uptrend @ Wave 4 and 2nd target @ Wave 2 position
> Stoploss at the lowest candle of wave 5 minor with -20% downside risk.
> RRR: 1:3 for medium term trade
Indicator:
> MACD - some bullish divergence crossover signal line below center
Always trade with affordable risk and respect your stoploss
> Elliott Wave Analysis Mapping with ending diagonal positioning target downtrend reversal pattern
> The current potential final wave 5 within the target zone extended 0.5 of wave 3 and retraced exactly 1.618 of wave 4.
> Long 1st Entry @ Ending Diagonal downtrend line breakout and 2nd entry @ Elliott Channel Breakout for reversal confirmation
> 1st Target uptrend @ Wave 4 and 2nd target @ Wave 2 position
> Stoploss at the lowest candle of wave 5 minor with -20% downside risk.
> RRR: 1:3 for medium term trade
Indicator:
> MACD - some bullish divergence crossover signal line below center
Always trade with affordable risk and respect your stoploss
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.