Chart pattern: Bull flag
Entry: 160$ (this would end the downtrend)
Stop: 113$
Target: 300$-400$
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2:1
Description: The price has formed a coherent Elliott-wave-pattern. It also regained the trendline which was valid in the past. Target is the 1:1-1:1.6 Fibonacci-extension
Entry: 160$ (this would end the downtrend)
Stop: 113$
Target: 300$-400$
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2:1
Description: The price has formed a coherent Elliott-wave-pattern. It also regained the trendline which was valid in the past. Target is the 1:1-1:1.6 Fibonacci-extension