Price action and chart pattern trading > Elliott Wave projection possible the end of Intermediate 4-wave downtrend > Complex inverted head & shoulders formation ABC uptrend correction > Bullish divergence in previous 5-wave downtrend confirmation > Entry @ neckline breakout - RSI downtrend breakout > Target @ C-wave uptrend 1.618 extension of A-wave near volume profile POC > Stoploss @ B-wave right shoulder > RRR: 2:1
Always trade with affordable risk and respect your stop
Trade ativo
After double bullish divergence signal now follow buy entry @ SMA200 at downtrend wave bullish wedge breakout confirmation. The target bullish wedge estimated in the updated chart.
Trade fechado: stop atingido
New trade L setup: Bullish pennant pattern - small 5 wave| target+10%:
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