This idea is for short term trading. HANA can break down trend line and be above POC. So, it is possible to rise up to a resistance which is set by volume analysis.
HANA and WTZ2. If applying Elliott Wave, we will notice the complete impulse wave and another corrective wave; thus, the existing leg could possibly another impulse wave or wave 3. I apply WTZ2 for trading as one of my favorite setup. Good Luck!
Price action and chart pattern trading setup > Elliott wave projection downtrend breakout with inverse head & shoulders pattern > A possible wave B rebound targeting 0.382 - 0.5 retracement of A > Entry @ H&S breakout SMA25W > Target @ 0.382 retracement of Wave A / SMA50W zone +25% > Stoploss @ right shoulder / SMA400W -12% > Risk reward ratio: 2:1 Indicator: >...
Price action and chart pattern trading setup - > Inverted Head & Shoulders reversal pattern in TFD > 1st Entry at breakout and 2nd entry at pullback neckline > 1st Target at SMA400 zone (Fibonacci retracement 0.382) and 2nd Target - SMA200 (0.618) > Stoploss at the inverted head position > Recommended risk ratio at 2:1 for medium term trade Indicator: > Smart...
Target . Let's see how this play out . Feel free to comment & share ur idea Prediction is prediction it can be right or wrong Trade safe n fun!