A potential bull trap scenario with one more wave downtrend. 1. First correction - Extended flat ABC Wave B retraced 78.6% / w.a and w.C: extended 161.8% of w.A 2. Complex triangle ABCDE pattern 3. The current downtrend wave doubled zigzag ABC pattern with wave 4 in c leg targeting 38.2-50 % retracement at ma50w, creating a false breakout signal before final wave...
IVL | Thailand SET Index | Petro Sector | Chart Pattern Trading > Ascending Triangle continuation pattern - Bullish Trap with limited upside > Price Action: Wait for tighter candlestick consolidation - Entry @ Demand Support Line Zone only > RSI - bullish trap signal > MACD - Bearish Divergence DP
you can see in the graph, I hope that will break out.
Price action and chart pattern trading setup > Global pattern bullish complex inversed head & shoulders pattern breakout > Local bull flag breakout EMA200 dynamic resistance with strong bullish candle - a possible ABC bullish wave targeting new wave 1 > Support pullback entry level : EMA200 zone > Target 2X bull flag pattern @ 0.786 - 1.272 fibonanci extension...
Price action and chart pattern trading setup > A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D. > Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside > Stoploss: E-Wave position -8% -...
After a long mega bull flag formation breakout and retesting its support Now a potential ABC wave bullish pennant in progress Entry: Pennant breakout confirmation SL: Below pennant T1: 100% ext. Fibonacci - 15+ baht T2: 161.8% - 18+ baht Indicator: RSI week bullish divergence breakout Always trade with affordable risk, respect your stop
Better banking outlook is good for TTB since the merger because it is still laggard compared to the sector. Target price expected between 1.60-1.80
Price action and chart pattern trading: > The weekly price currently trading below EMA200 W with a possible 4-wave correction rising wedge pattern, approaching target EMA200D > Entry @ rising wedge breakdown > Target @ 0.618 extension rising wedge target +20%+ > Stop @ EMA200D -10% downside > Risk reward ratio 2:1 Always trade with affordable risk and respect...
I believe this is very cheap and very oversold as if the business is no more operating may be better buy when it break out the downtrend
The price is currently trading just below 200SMMA as the key resistance under the assumption that its major 4-wave triangle breakout could be possible with double bottom pattern and MACD golden cross. This bullish scenario has the downside is -8% and the upside is +10 - 20% with RRR: 1.5-2:1.
Price action and chart pattern trading: > A possible ABC correction - C-wave trend reversal in progress > Falling wedge local trend breakout EMA20D resistance making an inverse head & shoulders pattern. > TP1 @ SMMA50 as key dynamic resistance and TP2 @SMMA200 with +20%++ upside > Entry @ Neckline breakout with Stoploss @ H&S head position -8% > Risk reward ratio:...
Price action and chart pattern trading > Wave projection - Leading diagonal pattern with a possible 5-wave uptrend > Entry @ pullback and breakout downtrend line wave 2 and wave 4 near lower support of uptrend wave channel. > Target @ previous primary wave 3 | 0.786 - 1.0 zone +30% upside > Stoploss @ upcoming wave 3 and upcoming wave 5 zone -10% downside > Risk...
is retesting 1600 again (i can't tell if it holds) RSI =50 can still be positive so far ichimoku looks positive unless some candles fall under the cloud :))) I need to look in smaller time frame later + SPX now only wanna show the all time resistances n supports
Price action and chart pattern trading > Downtrend Elliott wave channel breakout intermediate ABC correction, a possible reversal with minor ABC uptrend wave > Pullback Entry @ downtrend channel retest at B-wave > Medium-term target @ volume profile point of control 0.382 retraced previous uptrend major C-wave > Stoploss @ the lowest minor 5-wave -5% - 10%...
Price action and chart pattern trading > Elliott Wave projection - a possible breakout of corrective wave A position at 0.618 retracement of previous wave 5. > Target Wave B zone estimated at 0.618-0.786 of the current wave A uptrend + 15 - 18% upside again > Stoploss at the lowest wave A position plus ADR average day range -5 - 7% downside > RRR 2:1 for short...
Price action and chart pattern trading setup > Contracting Wave Channel pattern with downtrend target around the corner. > Entry @ minor downtrend channel in daily timeframe breakout above SMA200 > TP1 @ wave (3) position > TP2 @ wave (5) III position for medium term > Stoploss @ SMA200 downside -9% RRR: 2:1 Indicators signals not shown here: > Smart money...
Price action and chart pattern trading setup > Overall wave pattern moving in diagonal uptrend with a possible wave 4 triangle sideway. > Now making a strong pullback to triangle support could be E- wave of ABCDE pattern at EMA200W zone > Entry : A false triangle breakdown for a possible long entry between S1 and possible S2 > Target : bullish pennant at major...