Wave Analysis with price action and chart pattern trading
>A potential bulltrap scenario with fake bb line breakout with d wave of expanding triangle in major wave III.
> wave d - targeting at price rejection zone 1.0 - 1.272 fibonanci extension of wave a
> wave e - tp1 small wave a of e correction pattern possible target 1 at 0.618 retracement of wave d @ ma50w zone
> completed major wave IV correction, targeting wave e tp2 small c of e leg correction bearish scenario at 1.0- 1.272 of wave d @ ma200w to complete.
> before moving into motive wave 5 @ 1.618 fibononci length of major wave I. 210 - 220 USD zone with an estimated +60 - 70% upside.
Always trade with affordable risk and respect your stoploss!
Good Luck
>A potential bulltrap scenario with fake bb line breakout with d wave of expanding triangle in major wave III.
> wave d - targeting at price rejection zone 1.0 - 1.272 fibonanci extension of wave a
> wave e - tp1 small wave a of e correction pattern possible target 1 at 0.618 retracement of wave d @ ma50w zone
> completed major wave IV correction, targeting wave e tp2 small c of e leg correction bearish scenario at 1.0- 1.272 of wave d @ ma200w to complete.
> before moving into motive wave 5 @ 1.618 fibononci length of major wave I. 210 - 220 USD zone with an estimated +60 - 70% upside.
Always trade with affordable risk and respect your stoploss!
Good Luck