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dukeposh

WAVE | Parallel Channel | Doubled Bottom Breakout Trade Setup

Long
WAVE EXPONENTIAL PCL (SET:WAVE)  
dukeposh Updated   
SET:WAVE   WAVE EXPONENTIAL PCL
Support and Resistance Parallel Channel setindex priceaction Double Bottom smartmoney bankerchip fundflow BBD
4
1
supportandresistance parallelchannel setindex priceaction doublebottom smartmoney bankerchip fundflow bbd
Price Action & Chart Pattern Medium Term Trading
> Parallel Channel Trade Setup
> Doubled Bottom | Entry @ Breakout

Indicator:
> Smart Money & Banker Chip Volume Support Timeframe 4H
> BBD bullish signal crossed above baseline
> Fundflow uptrend reversal pattern
> KDJ ribbon changing to uptrend

Trade with affordable risk ratio 2.5:1 for medium term trade
Always respect your stoploss
Trade active:
Target minor wave 3 approaching @ 1.618 fib extension:
snapshot
Comment:
WAVE price this week declined to its key level support EMA50 X EMA200 retesting its breakout zone, still possible for a breakout above it resistance - RSI slightly below 50:
snapshot
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