RATCH| Elliott Wave Projection | Inverted H&S Reversal Pattern
Price action and chart pattern trading setup
> Elliott Wave projection - downtrend final correction position with an expanding diagonal pattern.
> Inverted head & shoulders reversal pattern in TFD with bullish engulfing candlestick
> Indicator: RSI strong bullish signal cross above MA and MACD golden cross signal line
> Entry @ Neckline breakout
> Stoploss @ right shoulder position
> Target @ previous wave 4 and 2
> RRR: 2:1 with -5% downside risk
> Elliott Wave projection - downtrend final correction position with an expanding diagonal pattern.
> Inverted head & shoulders reversal pattern in TFD with bullish engulfing candlestick
> Indicator: RSI strong bullish signal cross above MA and MACD golden cross signal line
> Entry @ Neckline breakout
> Stoploss @ right shoulder position
> Target @ previous wave 4 and 2
> RRR: 2:1 with -5% downside risk