As you can see, the price is completing its Wave 4 within an Elliott Wave structure. Given the confluence of the support zone, the 25% parallel channel area, and a valid divergence on the MACD, it appears that the price may move from this zone at least toward the TP1 level and then potentially to TP2.
Follow proper risk and money management.
This is just my personal view, so please trade based on your own strategy and trading system.
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Follow proper risk and money management.
This is just my personal view, so please trade based on your own strategy and trading system.
Follow me on TradingView for more analyses and live stock trades.
Trade closed: stop reached
AG-Precision-Trading
📈 Live Trading: Stocks & Crypto
🔍 Symbol Analysis & Insights
💎 Understanding Relative Asset Values
📈 Live Trading: Stocks & Crypto
🔍 Symbol Analysis & Insights
💎 Understanding Relative Asset Values
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
AG-Precision-Trading
📈 Live Trading: Stocks & Crypto
🔍 Symbol Analysis & Insights
💎 Understanding Relative Asset Values
📈 Live Trading: Stocks & Crypto
🔍 Symbol Analysis & Insights
💎 Understanding Relative Asset Values
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.