Candle Pattern: Morning star
Trend: down
Trend Entry: against
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 20
SL PIPS: 20
Fib Entry: .764
Fib TP: .5
Stochastic: over-sold
MACD: bullish
200SMA: below
BB: n/a
Pivot Point: S1
Elliot Wave:
possibly ABC completion
Might be the start of a new motive wave to the upside. Currently completing wave 2, retesting the swing low.
Notes:
Morning star formed below the .764 retracement. Entry placed at 764 for a move to the upside
stochastic moving out of oversold zone
macd is showing strength moving to the upside
What can go wrong:
breaking the current swing low could indicate a new wave C low or the start of wave 3 to the downside.
Trend: down
Trend Entry: against
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 20
SL PIPS: 20
Fib Entry: .764
Fib TP: .5
Stochastic: over-sold
MACD: bullish
200SMA: below
BB: n/a
Pivot Point: S1
Elliot Wave:
possibly ABC completion
Might be the start of a new motive wave to the upside. Currently completing wave 2, retesting the swing low.
Notes:
Morning star formed below the .764 retracement. Entry placed at 764 for a move to the upside
stochastic moving out of oversold zone
macd is showing strength moving to the upside
What can go wrong:
breaking the current swing low could indicate a new wave C low or the start of wave 3 to the downside.
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.