Price action and chart pattern trading
> Downtrend Elliott Channel breakout and developing into an ending diagonal pattern
> Target Wave 4 rising flag at SMA50 zone
> Entry zone at wave B correction
> Stop zone at the lowest wave 3 position
> RRR: 3:1
Indicator:
> RSI bullish crossover MA line out of OS zone
> CV bullish above SMA20
Always trade with affordable risk and respect your stoploss
> Downtrend Elliott Channel breakout and developing into an ending diagonal pattern
> Target Wave 4 rising flag at SMA50 zone
> Entry zone at wave B correction
> Stop zone at the lowest wave 3 position
> RRR: 3:1
Indicator:
> RSI bullish crossover MA line out of OS zone
> CV bullish above SMA20
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.