SUSHIUSD| TFW Analysis Ending Diagonal - Bullish Divergence
Price action and chart pattern weekly wave analysis
> TFW continues in an ending diagonal of a potential final ABC correction wave 5 downtrend stage.
> Medium term trading - Entry @ downtrend Elliott Channel breakout
> 1st Target @ SMA200 TFD / just above wave 4 zone @ 0.382
> Stoploss @ Wave 5 zone with 20-30% downside risk - RRR: 4:1
Indicator:
1. Smart money volume 2.6X
2. Banker chip entry signal at downtrend Wave 3 and 5.
3. BBD triple bullish divergence crossover baseline and above
4. Stochastic bullish divergence signal 1st uptrend ribbon in oversold zone
Always trade with affordable risk and respect your stoploss
> TFW continues in an ending diagonal of a potential final ABC correction wave 5 downtrend stage.
> Medium term trading - Entry @ downtrend Elliott Channel breakout
> 1st Target @ SMA200 TFD / just above wave 4 zone @ 0.382
> Stoploss @ Wave 5 zone with 20-30% downside risk - RRR: 4:1
Indicator:
1. Smart money volume 2.6X
2. Banker chip entry signal at downtrend Wave 3 and 5.
3. BBD triple bullish divergence crossover baseline and above
4. Stochastic bullish divergence signal 1st uptrend ribbon in oversold zone
Always trade with affordable risk and respect your stoploss
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.