Elliott Wave Projection - Price action and chart pattern trading
> Bullish Wedge Elliott Wave downtrend channel breakout
> Key resistance SMA200
> TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point
> TP2 @ 0.5 retracement - upper resistance of key volume profile zone =...
Price action and chart pattern trading setup
> Double bottom trend reversal pattern breakout with strong bullish candlestick
> 1st entry at breakout and 2nd entry at pullback
> 1st target zone at 0.786 and 2nd target at 1.000
> Stop zone at the double bottom area
> Recommended risk reward ratio at 2:1 for medium term trade
Indicators:
> RSI bullish trend above...