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: .764
Fib TP: 1+
Stochastic: over-bought
MACD: up
200SMA: below
BB: n/a
Pivot Point: pivot
Elliot Wave:
wave C pullback, looking for wave C to make a new low
Notes:
Entry placed at the .764 level at the pivot point and just at the 200sma. SL extends beyond last swing high
stochastic entered the overbought zone and making a dip back to the down side.
macd showing strength to the upside
What can go wrong:
could be the end of wave C and the start of a new uptrend
Trend: down
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: 1+
Stochastic: over-bought
MACD: up
200SMA: below
BB: n/a
Pivot Point: pivot
Elliot Wave:
wave C pullback, looking for wave C to make a new low
Notes:
Entry placed at the .764 level at the pivot point and just at the 200sma. SL extends beyond last swing high
stochastic entered the overbought zone and making a dip back to the down side.
macd showing strength to the upside
What can go wrong:
could be the end of wave C and the start of a new uptrend
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.