Price action and chart pattern trading setup > Wave projection - An ending diagonal pattern with a possible technical rebound wave iv correction > Entry@ breakout downtrend channel > Target wave iv uptrend @ 0.386 retracement of wave iii - SMA50 zone > Stoploss at the lower resistance of downtrend channel - downside -10-15% > RRR: 1.5:1
Indicator: > RSI bullish divergence > MACD crossover signal line below center
Always trade with affordable risk and respect your stoploss