Candle Pattern: Evening star
Trend: down
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .618
Fib TP: 1
Stochastic: over-bought
MACD: bearish
200SMA: below
BB: n/a
Pivot Point: Pivot & R1
Elliot Wave:
End of wave 5
Looking for final wave 5 low
Notes:
Evening star formed at 764 fib level, around the r1 pivot
stochastic within over-bought zone
macd is showing bearish strength
What can go wrong:
ABC correction could start now
Trend: down
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .618
Fib TP: 1
Stochastic: over-bought
MACD: bearish
200SMA: below
BB: n/a
Pivot Point: Pivot & R1
Elliot Wave:
End of wave 5
Looking for final wave 5 low
Notes:
Evening star formed at 764 fib level, around the r1 pivot
stochastic within over-bought zone
macd is showing bearish strength
What can go wrong:
ABC correction could start now
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.