Price action and chart pattern trading > An ending diagonal pattern in weekly timeframe with a strong bullish divergence signal. > A final wave II position at SMA200 Week support, retraced below 0.786 fibonanci from wave I top position > A possible sideway breakout from Elliott Channel, starting new uptrend pivot point after 6 weeks.
Indicators: > Smart money strong support at downtrend wave 3 and 5. > Banker chip entry signal at wave 3 and 5 > A strong BBD bullish divergence crossing up baseline > Stochastic bullish divergence with reversal signal in oversold zone.
Always trade with affordable risk and respect your stoploss