Price action and chart pattern trading setup
> Bullish Dragon pattern in correction wave A, possible reversal for uptrend wave B
> Entry Breakout channel dragon ridge
> Target @ 0.618 retracement of previous top SMA200 zone
> Stoploss at the low A position - RRR: 2:1 downside -7%
Indicator:
> MACD bullish divergence signal crossing up baseline 0.
> Bullish Dragon pattern in correction wave A, possible reversal for uptrend wave B
> Entry Breakout channel dragon ridge
> Target @ 0.618 retracement of previous top SMA200 zone
> Stoploss at the low A position - RRR: 2:1 downside -7%
Indicator:
> MACD bullish divergence signal crossing up baseline 0.
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.
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.