Price action and chart pattern trading setup: > An ending diagonal pattern with stochastic bullish divergence - possible rebound for wave 4 > Target SMA50 zone near upper elliott wave channel resistance - 0.382 retracement of wave 3 > Stoploss @ wave 3 lower channel support with RRR: 1.5:1
Indicator: > Stochatic RSI bullish divergence signal > MACD crossover signal line below center > RSI slightly bullish divergence
Always trade with affordable risk and respect your stoploss