NRF| Wave Projection | Ending Diagonal | Target DowntrendPrice action and chart pattern trading setup
> Downtrend target in range with an ending diagonal pattern of wave C correction
> Entry @ Elliott Wave channel breakout
> Target @ SMA200 for medium term trade
> Stoploss @ Target Wave 5 with downside -10%
> RRR: 2:1
Indicator:
> MACD bullish divergence continuously
Always trade with affordable risk and respect your stoploss
