Candle Pattern: Evening star
Trend: down
Trend Entry: with
TP/SL Ratio Target: 3 to 1
Target TP PIPs: 60
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:
Currently on wave 4
looking for wave 4 to make a completion closer to wave 1 high
Notes:
Evening star expected to form at the 618 or 764 level then make a move down to finalize elliot wave 4
stochastic within over-bought zone
macd is showing strength moving from bearish to bullish. Im hoping for 1 more drop before the real push to the upside
What can go wrong:
wave 4 could be completed already and this could be the start of the upside move.
Trend: down
Trend Entry: with
TP/SL Ratio Target: 3 to 1
Target TP PIPs: 60
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:
Currently on wave 4
looking for wave 4 to make a completion closer to wave 1 high
Notes:
Evening star expected to form at the 618 or 764 level then make a move down to finalize elliot wave 4
stochastic within over-bought zone
macd is showing strength moving from bearish to bullish. Im hoping for 1 more drop before the real push to the upside
What can go wrong:
wave 4 could be completed already and this could be the start of the upside move.
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.