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1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?
XIAOMI CORPORATION
Long
1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?
By dukeposh
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Aug 20, 2022
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Cheer
Aug 20, 2022
Price action and chart pattern trading
> Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal.
> Aggressive entry @ downtrend channel wave ii and iv breakout
> Safer entry point @ triangle breakout
> Target @ previous 1 wave 0.382- 0.5 retracement zone
> Stoploss @ triangle lower support zone
> Risk reward ratio: 2:1
Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry
Always trade with affordable risk and respect your stoploss
Chart Patterns
dumpandpump
elliottwaveanalyis
elliottwaveprojection
priceaction
Symmetrical Triangle
Trend Analysis
Wave Analysis
xiaomilong
dukeposh
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