KCE | Elliott Wave Correction Projection | Target -20%+
Price action and chart pattern trading:
> The weekly price currently trading below EMA200 W with a possible 4-wave correction rising wedge pattern, approaching target EMA200D
> Entry @ rising wedge breakdown
> Target @ 0.618 extension rising wedge target +20%+
> Stop @ EMA200D -10% downside
> Risk reward ratio 2:1
Always trade with affordable risk and respect your stoploss
> The weekly price currently trading below EMA200 W with a possible 4-wave correction rising wedge pattern, approaching target EMA200D
> Entry @ rising wedge breakdown
> Target @ 0.618 extension rising wedge target +20%+
> Stop @ EMA200D -10% downside
> Risk reward ratio 2:1
Always trade with affordable risk and respect your stoploss
Operación cerrada: objetivo alcanzado:
Take profit: closed short position - RSI bullish divergence signal possible rebound near target reversal zone