Fallingflag
CHAYO | Elliott Wave | Correction Projection - 25%Price action and chart pattern trading
> The current price C-wave correction is moving within a falling flag
> Potentially 4-wave uptrend targeting 0.5 retracement of 3-wave approaching / fakeout SMA200 day resistance zone.
> Entry @ SMA200 breakdown
> Target @ 0.5-0.618 Wave 3 extension zone -25% - 30%.
> Stop @ 8% previous 1-wave correction zone
Always trade with affordable risk and respect your stoploss
SHIBUSD | Wave Analysis Mapping - Primary Wave 2 Target RangePrice action and chart pattern trading
> Falling Channel pattern with target downtrend wave 5 within the range of 0650 - 1300 based on 1.236 - 1.618 wave 4 retracement
> Long Entry @ local downtrend line breakout
> Medium-term Target @ upper channel resistance near SMA200 zone / volume profile resistance zone
> Indicator: MACD crossover signal line below the base.
Always trade with affordable risk and respect your stoploss.
ALICEUSDT | Falling Flag - Local Trend Breakout Trade SetupPrice action and chart pattern trading setup
> Falling Flag reversal pattern of local trend
> Entry at breakout downtrend line
> 1st target at previous high zone 0.786 - 1.0 retracement, a possible wave 1 leading diagonal
> 2nd target at wave 3 - 1.618 - 2.0 zone for long term trade
> Stop zone at the lowest position of last wave, RRR: 2.5:1 for medium term trade, downside risk 10 - 15%.
Indicator:
1. strong smart money volume support
2. banker chip multiple entries
3. fund flow reversal pattern
4. BBD signal crossing up baseline 0
5. KDJ stochastic bullish divergence
Always trade with affordable risk and respect your stop-loss