Price action and chart pattern trading
> Wave projection double zigzag correction ABC with downtrend channel breakout and EMA5 crossover SMA50 above neckline
> Inverted head and shoulders breakout, possible wave 1
> Target @ previous A-wave +50% upside
> Stoploss @ right shoulder -15-20% downside
> RRR 3:1
Always trade with affordable risk and respect your stoploss
> Wave projection double zigzag correction ABC with downtrend channel breakout and EMA5 crossover SMA50 above neckline
> Inverted head and shoulders breakout, possible wave 1
> Target @ previous A-wave +50% upside
> Stoploss @ right shoulder -15-20% downside
> RRR 3:1
Always trade with affordable risk and respect your stoploss
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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.