Strong Bullish Bias
Consider this setup as educational.
Multi confluence trade setup for bullish action.
a) Elliott Wave Analysis: Consolidation at 0.618 fib level of retracement. Complex Elliott wave 4 consolidation which on breakout would cause the rise of wave 5. Since wave 1 and wave 3 were of equal length, wave 5 should be largest wave.
b) Trend Analysis: Falling Wedge consolidating near 20 EMA line. Breakout of flag and upward break of 20 EMA line by the breakout candle would indicate a strong long bias.
gevdsvf
Keep a watch. Fingers crossed.
Comment if I miss anything or if you have any other ideas.
Multi confluence trade setup for bullish action.
a) Elliott Wave Analysis: Consolidation at 0.618 fib level of retracement. Complex Elliott wave 4 consolidation which on breakout would cause the rise of wave 5. Since wave 1 and wave 3 were of equal length, wave 5 should be largest wave.
b) Trend Analysis: Falling Wedge consolidating near 20 EMA line. Breakout of flag and upward break of 20 EMA line by the breakout candle would indicate a strong long bias.
gevdsvf
Keep a watch. Fingers crossed.
Comment if I miss anything or if you have any other ideas.
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.