ORDER OPENED OVERNIGHT
Candle Pattern: Evening star
Trend: up
Trend Entry: against
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: 1
Fib TP: .50
Stochastic: over-bought
MACD: Bullish turning bearing
200SMA: above
BB: n/a
Pivot Point: pivot && R1
Elliot Wave:
Wave 3 high established
looking for a move to the downside to form wave 4 low
Notes:
morning star formed at a swing high point, price dipping below brown and purple SMAs showing some weakness in the bull trend.
stochastic oversold a the time of placing the order. Looking for stochastic to move back to overbought around the last swing high before making a move to the downside.
macd is showing a bearsh move to the downside
What can go wrong:
new wave 3 high can still be established
Candle Pattern: Evening star
Trend: up
Trend Entry: against
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: 1
Fib TP: .50
Stochastic: over-bought
MACD: Bullish turning bearing
200SMA: above
BB: n/a
Pivot Point: pivot && R1
Elliot Wave:
Wave 3 high established
looking for a move to the downside to form wave 4 low
Notes:
morning star formed at a swing high point, price dipping below brown and purple SMAs showing some weakness in the bull trend.
stochastic oversold a the time of placing the order. Looking for stochastic to move back to overbought around the last swing high before making a move to the downside.
macd is showing a bearsh move to the downside
What can go wrong:
new wave 3 high can still be established