Chart pattern: Bull flag
Entry: 160$ (this would end the downtrend)
Stop: 113$
Target: 300$-400$
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2:1
Description: The price has formed a coherent Elliott-wave-pattern. It also regained the trendline which was valid in the past. Target is the 1:1-1:1.6 Fibonacci-extension
Entry: 160$ (this would end the downtrend)
Stop: 113$
Target: 300$-400$
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2:1
Description: The price has formed a coherent Elliott-wave-pattern. It also regained the trendline which was valid in the past. Target is the 1:1-1:1.6 Fibonacci-extension
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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.