BNBUSDT | Wave Projection - Downtrend Target Primary Wave II
Price action and chart pattern trading
> Downtrend Elliott channel - ABC Flat Correction - Wave C extension 1.0 of Wave A projection
> Projected target primary Wave II with correction subwave V at 1.236 - 1.618 retracement of subwave IV in the price range of 150 - 200.
> Long Entry @ local downtrend breakout for 1st entry and Elliott channel breakout for medium and long term trade
> 1st target at SMA200 and Primary Wave I as the 2nd target
> Stoploss at the lowest position of reversal wave C inverted H&S zone
Indicator:
> MACD Slight bullish divergence just crossover signal line below 0
Always trade with affordable risk and respect your stoploss
> Downtrend Elliott channel - ABC Flat Correction - Wave C extension 1.0 of Wave A projection
> Projected target primary Wave II with correction subwave V at 1.236 - 1.618 retracement of subwave IV in the price range of 150 - 200.
> Long Entry @ local downtrend breakout for 1st entry and Elliott channel breakout for medium and long term trade
> 1st target at SMA200 and Primary Wave I as the 2nd target
> Stoploss at the lowest position of reversal wave C inverted H&S zone
Indicator:
> MACD Slight bullish divergence just crossover signal line below 0
Always trade with affordable risk and respect your stoploss