wave 4 will not overlap with wave 1
profitable quarter report
AAX SETUP | BULLISH
Price has formed a potential bottom at key support level of 1.71. We can observe:
1. Multiple technical bounces from this support level historically
2. Recent selloff reached oversold conditions
3. Formation of bullish candlestick patterns near support
4. Major moving averages starting to converge in this zone
TRADE IDEA:
- Entry: Current levels (1.79)
- Stop Loss: Below 1.71 support
- First Target: Previous resistance at 2.00
- Second Target: Recent high at 2.15
Risk:Reward ratio approximately 1:3 if targets are reached. Wait for confirmation of reversal with strong volume and bullish price action before entering.
#AAX #MYX #TechnicalAnalysis
Remember to always manage your position size and risk accordingly. This is not financial advice.
profitable quarter report
AAX SETUP | BULLISHPrice has formed a potential bottom at key support level of 1.71. We can observe:
1. Multiple technical bounces from this support level historically
2. Recent selloff reached oversold conditions
3. Formation of bullish candlestick patterns near support
4. Major moving averages starting to converge in this zone
TRADE IDEA:
- Entry: Current levels (1.79)
- Stop Loss: Below 1.71 support
- First Target: Previous resistance at 2.00
- Second Target: Recent high at 2.15
Risk:Reward ratio approximately 1:3 if targets are reached. Wait for confirmation of reversal with strong volume and bullish price action before entering.
#AAX #MYX #TechnicalAnalysis
Remember to always manage your position size and risk accordingly. This is not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.