Takeaway just confirmed the bottom by not dropping under the channel band on the weekly.
Therefore I will take a trade to try to reach the upper band (122)
RSI: Oversold
EMA200
ABC correction (Elliott Wave)
On balance volume is shaping up.
A rebound seems reasonable.
Enter:
First target: 95
Second Target: 122
SL: 72
Risk Reward Ratio: 1/5
Therefore I will take a trade to try to reach the upper band (122)
RSI: Oversold
EMA200
ABC correction (Elliott Wave)
On balance volume is shaping up.
A rebound seems reasonable.
Enter:
First target: 95
Second Target: 122
SL: 72
Risk Reward Ratio: 1/5