Price action and chart pattern trading setup
> A possible strong rising uptrend 4 Wave correction making a false breakout at EMA200D
> Wait and see at EMA200 retest confirmation
> Entry: EMA200D breakdown
> Target 5 wave correction of A-wave at EMA200 week -40% downside
> RRR: 3:1
There might be some harsh drops in the stock price in the past few months. However, the overall trend is still considered very strong. It has confirmed the higher low. It needs to break the high to continue its uptrend.
