DOGEUSDT | ABC Correction Uptrend B-Wave Projection +40%
Price action and chart pattern trading setup:
> This TF4H wave projection is indicating that after 5 wave correction forming A-wave now possible making a B-wave rising triangle pattern for uptrend correction.
> Target @ R1 is the rising triangle target +20% upside and R2 is the bullish flag target +40%, both are the potential B-wave correction target at 0.5 and 0.618 fibonanci retracement.
> Entry @ rising triangle breakout confirmation or between S1-S2 pullback zone
> Stoploss @ slightly below S2 position -15%
> Risk reward ratio: 1.5:1 for R1 and 2:1 for R2
Always trade with affordable risk and respect your stoploss, nothing 100%
> This TF4H wave projection is indicating that after 5 wave correction forming A-wave now possible making a B-wave rising triangle pattern for uptrend correction.
> Target @ R1 is the rising triangle target +20% upside and R2 is the bullish flag target +40%, both are the potential B-wave correction target at 0.5 and 0.618 fibonanci retracement.
> Entry @ rising triangle breakout confirmation or between S1-S2 pullback zone
> Stoploss @ slightly below S2 position -15%
> Risk reward ratio: 1.5:1 for R1 and 2:1 for R2
Always trade with affordable risk and respect your stoploss, nothing 100%