ADAUSD | Wave Analysis CUP&HANDLE Formation +200% Target
A potential ABC correction - cup with bull flag / flat handle ABC formation which currently retraced 61.8% of the A/1 wave with a possible a.4-a.5 stop hunt ending diagonal for a second false breakdown.
Entry Position: Once price successfully recovered from the false breakdown support zone which could be a few attempts since wave 4 often a complex triangle.
Indicator support: RSI bullish divergence in TFD confirmation of the a.5 wave.
Target Position: TP1 @ 161.8% and TP2 @ 200% Fibonacci extension +200%!
Invalidation: Below the lowest price position.
Always trade with affordable risk and respect your stop,
Good Luck
Entry Position: Once price successfully recovered from the false breakdown support zone which could be a few attempts since wave 4 often a complex triangle.
Indicator support: RSI bullish divergence in TFD confirmation of the a.5 wave.
Target Position: TP1 @ 161.8% and TP2 @ 200% Fibonacci extension +200%!
Invalidation: Below the lowest price position.
Always trade with affordable risk and respect your stop,
Good Luck
Trade closed: target reached
The price hit the 1st target fibonacci 161.8% @ $1.015 (+150+%), the previous liquidity zone wave a.5 stop hunt gone below the key support $0.4+ as far as $0.33 before rebounded. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.