Price action and chart pattern trading
> Downtrend Elliott wave channel breakout intermediate ABC correction, a possible reversal with minor ABC uptrend wave
> Pullback Entry @ downtrend channel retest at B-wave
> Medium-term target @ volume profile point of control 0.382 retraced previous uptrend major C-wave
> Stoploss @ the lowest minor 5-wave -5% - 10% downside
> risk reward ratio 2:1 +25% upside
Indicator: RSI already oversold wait for a pull back for the long entry
Always trade with affordable risk and respect your stop-loss
> Downtrend Elliott wave channel breakout intermediate ABC correction, a possible reversal with minor ABC uptrend wave
> Pullback Entry @ downtrend channel retest at B-wave
> Medium-term target @ volume profile point of control 0.382 retraced previous uptrend major C-wave
> Stoploss @ the lowest minor 5-wave -5% - 10% downside
> risk reward ratio 2:1 +25% upside
Indicator: RSI already oversold wait for a pull back for the long entry
Always trade with affordable risk and respect your stop-loss
Trade active
A potential ABC uptrend minor B-wave correction now, testing the breakout support zone EMA200D, possible further declining to 0.5 fibo: 
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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.