WAVE | Parallel Channel | Doubled Bottom Breakout Trade Setup
Updated
Price Action & Chart Pattern Medium Term Trading
> Parallel Channel Trade Setup
> Doubled Bottom | Entry @ Breakout
Indicator:
> Smart Money & Banker Chip Volume Support Timeframe 4H
> BBD bullish signal crossed above baseline
> Fundflow uptrend reversal pattern
> KDJ ribbon changing to uptrend
Trade with affordable risk ratio 2.5:1 for medium term trade
Always respect your stoploss
> Parallel Channel Trade Setup
> Doubled Bottom | Entry @ Breakout
Indicator:
> Smart Money & Banker Chip Volume Support Timeframe 4H
> BBD bullish signal crossed above baseline
> Fundflow uptrend reversal pattern
> KDJ ribbon changing to uptrend
Trade with affordable risk ratio 2.5:1 for medium term trade
Always respect your stoploss
Trade active
Target minor wave 3 approaching @ 1.618 fib extension:Note
WAVE price this week declined to its key level support EMA50 X EMA200 retesting its breakout zone, still possible for a breakout above it resistance - RSI slightly below 50: 
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.