TCC-W4 | Wave Analysis | Bullish Divergence Trading
Price action and chart pattern trading setup:
> An ending diagonal pattern with stochastic bullish divergence - possible rebound for wave 4
> Target SMA50 zone near upper elliott wave channel resistance - 0.382 retracement of wave 3
> Stoploss @ wave 3 lower channel support with RRR: 1.5:1
Indicator:
> Stochatic RSI bullish divergence signal
> MACD crossover signal line below center
> RSI slightly bullish divergence
Always trade with affordable risk and respect your stoploss
> An ending diagonal pattern with stochastic bullish divergence - possible rebound for wave 4
> Target SMA50 zone near upper elliott wave channel resistance - 0.382 retracement of wave 3
> Stoploss @ wave 3 lower channel support with RRR: 1.5:1
Indicator:
> Stochatic RSI bullish divergence signal
> MACD crossover signal line below center
> RSI slightly bullish divergence
Always trade with affordable risk and respect your stoploss
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