Price action and chart pattern trading > The current price C-wave correction is moving within a falling flag > Potentially 4-wave uptrend targeting 0.5 retracement of 3-wave approaching / fakeout SMA200 day resistance zone. > Entry @ SMA200 breakdown > Target @ 0.5-0.618 Wave 3 extension zone -25% - 30%. > Stop @ 8% previous 1-wave correction zone Always trade...
CHAYO could be potentially traded by WTZ4, one of my favorite Setup, together with price pattern, Inverted Head and Shoulder. Although the setup is so competitive, managing risks is still necessary. Enjoy your trading.
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Learn to use TA to help you to read chart and find trade set up to get the best entry point and exit.
