PARKIN had Impulsive breakout, confirmed by price piercing the descending Daily trendline (Daily DT)
Double confirmation from the demand zone bounce and RSI bulls waking up. Trendline’s toast. If Wave 5 is truly kicking off, that 6.76 zone’s gonna be the magnet. Let it rip.
Demand Zone :** 6.08–6.15 (held strong multiple times)
Supply Zone:** 6.71–6.79
RSI signaling strong momentum with bullish divergence supports upside continuation
🎯 **Trade Plan**
* **Entry:** 6.26 (confirmation candle post-breakout)
* **Stop Loss:** 6.08 (below demand zone structure)
* **Target 1:** 6.76 (supply zone near prior highs)
**Risk/Reward:**
* **R/R = 3:1**
"It’s not about being right or wrong. It’s about how much you make when you’re right and how much you lose when you’re wrong." – George Soros
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your own due diligence.
Double confirmation from the demand zone bounce and RSI bulls waking up. Trendline’s toast. If Wave 5 is truly kicking off, that 6.76 zone’s gonna be the magnet. Let it rip.
Demand Zone :** 6.08–6.15 (held strong multiple times)
Supply Zone:** 6.71–6.79
RSI signaling strong momentum with bullish divergence supports upside continuation
🎯 **Trade Plan**
* **Entry:** 6.26 (confirmation candle post-breakout)
* **Stop Loss:** 6.08 (below demand zone structure)
* **Target 1:** 6.76 (supply zone near prior highs)
**Risk/Reward:**
* **R/R = 3:1**
"It’s not about being right or wrong. It’s about how much you make when you’re right and how much you lose when you’re wrong." – George Soros
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your own due diligence.
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.