1810 XIAOMI | Elliott Wave Analysis - Possible Dump & Pump?

2022년 8월 20일Price action and chart pattern trading
> Ending diagonal with asymmetrical triangle pattern - possible scenario with dump & pump before ABC uptrend reversal.
> Aggressive entry @ downtrend channel wave ii and iv breakout
> Safer entry point @ triangle breakout
> Target @ previous 1 wave 0.382- 0.5 retracement zone
> Stoploss @ triangle lower support zone
> Risk reward ratio: 2:1

Indicator:
MACD - signal golden cross anticipated soon
RSI to breakout downtrend line MA before making the long entry

Always trade with affordable risk and respect your stoploss