Price action and chart pattern trading setup:
> A possible inverted cup&handle pattern ABC correction
> stock price once again testing its support and probably making another pullback one more time
> Target handle pullback @ 0.382 - 0.236 Fibonacci zone
> Target downtrend C wave @ inverted cup&handle breakout @ 0.786 - 1.0 fibonacci extension of A wave
> Stoploss can be placed at the upcoming pullback wave 4 correction -12%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss, nothing 100%
> A possible inverted cup&handle pattern ABC correction
> stock price once again testing its support and probably making another pullback one more time
> Target handle pullback @ 0.382 - 0.236 Fibonacci zone
> Target downtrend C wave @ inverted cup&handle breakout @ 0.786 - 1.0 fibonacci extension of A wave
> Stoploss can be placed at the upcoming pullback wave 4 correction -12%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss, nothing 100%
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.