ZILUSDT | Downtrend Elliott Channel Breakout or Fakeout?Price action and chart pattern trading
> Downtrend Elliott Channel breakout and developing into an ending diagonal pattern
> Target Wave 4 rising flag at SMA50 zone
> Entry zone at wave B correction
> Stop zone at the lowest wave 3 position
> RRR: 3:1
Indicator:
> RSI bullish crossover MA line out of OS zone
> CV bullish above SMA20
Always trade with affordable risk and respect your stoploss