A possible ABC correction after finishing mega leading diagonal wave pattern: Wave B target 0.5 - 0.618 retracement of wave A and EMA 20 week resistance A possible false breakout EMA200 week Wave C - Targeting 0.786 fibonanci zone of major Wave 1
Price Action & Chart Pattern Short-term Trading > Parallel Channel uptrend trade setup > Entry @ bullish breakout EMA50 and EMA200 Indicator: > Smart Money and Banker Chip Volume significant level support > BBD bullish divergence crossed above baseline > Fundflow strong uptrend > KDJ strong uptrend ribbon Trading with affordable risk ratio 2.5:1 for short...
Gartley pattern?? TP1 - 38.2% AD TP2 - 61.8% AD
BEM's initial drop due to traffic dropping 20% as a result of COVID. As a business, it is highly sustainable (rights to collect highway tolls and metro fees after build), with a big opportunity to grow as the country develops. Long.