Candle Pattern: Morning Star
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 30
SL PIPS: 30
Fib Entry: .618
Fib TP: .764
Stochastic: oversold
MACD Histogram: contracting
200SMA: Above
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: Pivot && S1
Notes:
morning star just shy of the last downside swing and just above Elliot wave 1 zone
Possibly a wave 4 correction with long term outlook to 1.3 to 1.6 fib extension level to complete wave 5 before trend change to a correction
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 30
SL PIPS: 30
Fib Entry: .618
Fib TP: .764
Stochastic: oversold
MACD Histogram: contracting
200SMA: Above
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: Pivot && S1
Notes:
morning star just shy of the last downside swing and just above Elliot wave 1 zone
Possibly a wave 4 correction with long term outlook to 1.3 to 1.6 fib extension level to complete wave 5 before trend change to a correction
Trade closed: target reached
TP reached in 12 hours
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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.