FORTH Reversal **Trend analysis
Major-Downtrend
Minor-UP trend
***Pattern analysis
Major - Double Bottom
Minor - HH/HL
***Tactics
1.Buy on Weakness
2.Price> MA
3.MA Cross up
4.High RS
Expected TP RR 1:3.17
Have a good trade kub :)
FORTH trade ideas
FORTH | Elliott Wave Correction | Breakout or Fakeout? Price action and chart pattern trading setup
> A possible strong rising uptrend 4 Wave correction making a false breakout at EMA200D
> Wait and see at EMA200 retest confirmation
> Entry: EMA200D breakdown
> Target 5 wave correction of A-wave at EMA200 week -40% downside
> RRR: 3:1
FORTH : will it continues the up trendThere might be some harsh drops in the stock price in the past few months. However, the overall trend is still considered very strong. It has confirmed the higher low. It needs to break the high to continue its uptrend.
