Price Action & Chart Pattern Medium Term Trading > Parallel Channel Trade Setup > Doubled Bottom | Entry @ Breakout
Indicator: > Smart Money & Banker Chip Volume Support Timeframe 4H > BBD bullish signal crossed above baseline > Fundflow uptrend reversal pattern > KDJ ribbon changing to uptrend
Trade with affordable risk ratio 2.5:1 for medium term trade Always respect your stoploss
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Target minor wave 3 approaching @ 1.618 fib extension:
Comment
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WAVE price this week declined to its key level support EMA50 X EMA200 retesting its breakout zone, still possible for a breakout above it resistance - RSI slightly below 50: