Candle Pattern: Evening star
Trend: down
Trend Entry: wait
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: 1+
Stochastic: over-bought
MACD: bullish
200SMA: above
BB: n/a
Pivot Point: R1
Elliot Wave:
Currently on wave 5
Looking for a final wave 5 low or a retest of the last low
Notes:
Entry placed at 764 of last swing high, above 200sma, shy of R1 pivot
stochastic showing over-bought at time of entry
macd is showing bullish strength at time of entry. Was bearish at time of analysis
What can go wrong:
could start the ABC upside correction instead
Trend: down
Trend Entry: wait
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: 1+
Stochastic: over-bought
MACD: bullish
200SMA: above
BB: n/a
Pivot Point: R1
Elliot Wave:
Currently on wave 5
Looking for a final wave 5 low or a retest of the last low
Notes:
Entry placed at 764 of last swing high, above 200sma, shy of R1 pivot
stochastic showing over-bought at time of entry
macd is showing bullish strength at time of entry. Was bearish at time of analysis
What can go wrong:
could start the ABC upside correction instead
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.