Price action and chart pattern trading
> A potential downtrend wave C leading to an ending diagonal with the first MACD bullish divergence
> Long Entry - wait for Elliott Channel breakout to confirm the end of the downtrend
> Target Wave 4 rebounded at SMA50 Zone
> The target wave 5 downtrend at support Wave C and Wave II zone are closed in range.
Indicator:
MACD - first bullish divergence
Always trade with affordable risk and respect your stoploss
> A potential downtrend wave C leading to an ending diagonal with the first MACD bullish divergence
> Long Entry - wait for Elliott Channel breakout to confirm the end of the downtrend
> Target Wave 4 rebounded at SMA50 Zone
> The target wave 5 downtrend at support Wave C and Wave II zone are closed in range.
Indicator:
MACD - first bullish divergence
Always trade with affordable risk and respect your stoploss
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.