Candle Pattern: Evening star
Trend: down
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .618
Fib TP: 1+
Stochastic: over-bought
MACD: bullish
200SMA: above
BB: n/a
Pivot Point: R2
Elliot Wave:
Currently on wave 5
Looking for new wave 5 low to be completed
Notes:
Evening star formed at the 764 level. Entry placed at 618 fib for entry to the downside right at the 200sma
stochastic showing over-bought at time of entry
macd is showing bullish strength, however we are seeing some divergence to the downside
What can go wrong:
wave 5 could be completed and we could be starting the ABC correction to the upside instead
Trend: down
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .618
Fib TP: 1+
Stochastic: over-bought
MACD: bullish
200SMA: above
BB: n/a
Pivot Point: R2
Elliot Wave:
Currently on wave 5
Looking for new wave 5 low to be completed
Notes:
Evening star formed at the 764 level. Entry placed at 618 fib for entry to the downside right at the 200sma
stochastic showing over-bought at time of entry
macd is showing bullish strength, however we are seeing some divergence to the downside
What can go wrong:
wave 5 could be completed and we could be starting the ABC correction to the upside instead
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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.