TKN | Wave Analysis | Possible Upcoming Impulse 3-Wave Forecast
Price action and chart pattern trading setup
> Wave pattern: 2-Wave Triangle ABCDE - possible upcoming wave E before rising impulse 3 wave.
> Entry: Support level SMMA50 and SMMA20 @ 0.618 and 0.786 retracement zone
> Target: 3 -wave triangle breakout plus distance of the triangle channel 1.272 extension zone of main 1-wave +15-20%
> Stoploss: Lower triangle support zone -7-8%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
> Wave pattern: 2-Wave Triangle ABCDE - possible upcoming wave E before rising impulse 3 wave.
> Entry: Support level SMMA50 and SMMA20 @ 0.618 and 0.786 retracement zone
> Target: 3 -wave triangle breakout plus distance of the triangle channel 1.272 extension zone of main 1-wave +15-20%
> Stoploss: Lower triangle support zone -7-8%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss