Price action and chart pattern trading
> Elliott Wave downtrend channel with triple bottom breakout
> Indicator: MACD triple bullish divergence
> Entry @ breakout & pullback support EMA50 zone
> Medium Target @ EMA200 - SMA200 zone 0.382 Fibonacci retracement +17%
> Stoploss @ triple bottom position - 7%
> Risk reward ratio: 2.5:1
> Elliott Wave downtrend channel with triple bottom breakout
> Indicator: MACD triple bullish divergence
> Entry @ breakout & pullback support EMA50 zone
> Medium Target @ EMA200 - SMA200 zone 0.382 Fibonacci retracement +17%
> Stoploss @ triple bottom position - 7%
> Risk reward ratio: 2.5:1
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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.