CRC | Wave ABCDE Projection | Ascending Triangle Trading Target
Price action and chart pattern long term trading setup - catching the impulse 3rd wave extension.
> ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders
> Possible making the final E wave before breakout
> Watch out for dump & pump on the way as prolongation of the E wave.
Target estimated at the length of A wave equals to 1.618 extension or could be an impulse 3 wave - upside +40% at breakout position
Stoploss @ the lowest position of E wave - 10 - 15 % downside
RRR : 4:1 for long term trade
> ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders
> Possible making the final E wave before breakout
> Watch out for dump & pump on the way as prolongation of the E wave.
Target estimated at the length of A wave equals to 1.618 extension or could be an impulse 3 wave - upside +40% at breakout position
Stoploss @ the lowest position of E wave - 10 - 15 % downside
RRR : 4:1 for long term trade