Price action and chart pattern trading setup
> Contracting triangle wave correction ABCDE ending estimated at just above SMA400
> Long trading at lower triangle support and / or A position
> 1st Target at 0.5 fibonacci retracement at upper triangle resistance.
> Risk reward ratio at 2:1 for medium term trade.
> Stop loss at SMA400
Indicator:
> Smart money and banker chip volume support at A and C positions.
> Fund flow RSI still in the oversold zone, wait for the rebound.
> BBD signal crossing up the baseline
> KDJ stochastic in downtrend ribbon, wait for the upswing for entry.
Always trade with affordable risk and respect your stoploss
> Contracting triangle wave correction ABCDE ending estimated at just above SMA400
> Long trading at lower triangle support and / or A position
> 1st Target at 0.5 fibonacci retracement at upper triangle resistance.
> Risk reward ratio at 2:1 for medium term trade.
> Stop loss at SMA400
Indicator:
> Smart money and banker chip volume support at A and C positions.
> Fund flow RSI still in the oversold zone, wait for the rebound.
> BBD signal crossing up the baseline
> KDJ stochastic in downtrend ribbon, wait for the upswing for entry.
Always trade with affordable risk and respect your stoploss
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.