AOT | Wave Projection | Rising triangle ABCDE Uptrend Target
Price action and chart pattern trading setup
> Rising triangle ABCDE pattern @ breakout neckline position
> TP1 estimated @ height of E wave +17% upside 1.618 extension of CDE wave
> Stoploss @ triangle support -8% downside
> RRR: 2:1
Always trade with affordable risk and respect your stop
> Rising triangle ABCDE pattern @ breakout neckline position
> TP1 estimated @ height of E wave +17% upside 1.618 extension of CDE wave
> Stoploss @ triangle support -8% downside
> RRR: 2:1
Always trade with affordable risk and respect your stop
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Possible short opportunity retesting its support for ABC correction:
