Price action and chart pattern trading setup - take profit position
> A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure
> Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside
> Stoploss: at the previous high position a-wave - 8% downside
> Risk reward ratio: 2:1 approx.
> After completing the D-wave could possibly retrace downward trend 0.382 - 0.786 for the final E-wave which is the most difficult wave to predict.
Always trade with affordable risk and respect your stoploss
Good luck
> A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure
> Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside
> Stoploss: at the previous high position a-wave - 8% downside
> Risk reward ratio: 2:1 approx.
> After completing the D-wave could possibly retrace downward trend 0.382 - 0.786 for the final E-wave which is the most difficult wave to predict.
Always trade with affordable risk and respect your stoploss
Good luck
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.