Price target: 1:1 extension of wave 1 Stoploss: 0.25 (below C)
ABCDE contracting triangle correction with lower highs and higher lows Contraction of volume during triangle like normal
Bullish indicators: -Falling wedge on MACD -MACD kissing after downtrend -Below 20 on stochastic (best entry would be after it goes above 20) -Just finished ABCDE allowing for a very safe entry with huge profit potential with very good risk to reward ratio
Nota
I misplaced the extension - PT is still 1:1 extension, however, it's at $1.03
Nota
Stochastic broke 20 level - I already entered but now would be a good time to enter (30 cents)
s3.amazonaws.com/tradingview/snapshots/7/7KVn30E4.png Leg 3 started, if it goes down below E then the entire pattern is invalidated but at this point a 1:1 extension from E is 1.01 which is the same pt as before.
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