WHA | Wave Projection | ABCDE Rising Triangle Target
Price action and chart pattern trading setup:
> The key level to watch for the price now almost reaches the upcoming channel resistance and minor ABC pattern T1 zone.
> Take partial profit recommendation, most likely to retest the triangle neckline or breakdown making E wave dump and pump pattern.
> Entry @ neckline pullback zone 0.382 and S2 @ 0.618 SMA200D zone
> Target @ T2 Major ABC Target and Inverse Head & Shoulders +25%
> Stoploss @ SMA200D zone -8%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
> The key level to watch for the price now almost reaches the upcoming channel resistance and minor ABC pattern T1 zone.
> Take partial profit recommendation, most likely to retest the triangle neckline or breakdown making E wave dump and pump pattern.
> Entry @ neckline pullback zone 0.382 and S2 @ 0.618 SMA200D zone
> Target @ T2 Major ABC Target and Inverse Head & Shoulders +25%
> Stoploss @ SMA200D zone -8%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss