Price action and chart pattern trading setup
> Wave pattern: 2-Wave Triangle ABCDE - possible upcoming wave E before rising impulse 3 wave.
> Entry: Support level SMMA50 and SMMA20 @ 0.618 and 0.786 retracement zone
> Target: 3 -wave triangle breakout plus distance of the triangle channel 1.272 extension zone of main 1-wave +15-20%
> Stoploss: Lower triangle...
Price Action and chart pattern trading - possible breakout but upside limited
> Testing the upper limit of uptrend parallel channel and key resistance of volume profile
Indicator
> Bearish divergence signal: Fundflow, BBD, and KDJ Stochastic
> Strong volume support with smart money and banker chip of this wave
Is this a Wykcoff - Not sure, but whatever it is, TKN has a an outstanding tradable shares of 532M Shares......My hypothesis is someone accumulating a massive position here.
