Price action and chart pattern trading > Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern > TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside > TP2 @ 1.618 extension of wave D +18% upside > Stoploss @ SMA20 - 6-7% > Risk reward ratio: 2.5-3:1 Always trade with affordable risk and respect your stoploss
Price Action & Chart Pattern Trading > Inverted Head & Shoulders forming | Entry @ Demand support line zone (right shoulder) crossing up EMA200 and SMA200 Indicators: > Smart Money and Banker Chip volume support > BBD crossing up baseline > Fundflow turning positive in-flow bullish signal > KDJ bullish changing to uptrend ribbon Trading with affordable risk...
LANNA Week price 20.50 baht +1. There is a large purchase volume. +2. Price Stands Above Ema 20/50/100/200 +3 Price can stand above POC ---- -1. Price reaches a large resistance in the area of 19.90-20.50 -2. Price reached the end of the Fibo target 423.6% = 19.90 ----- Strategy (wait) The price should go down to at least 14.40.