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%...
SAWAD is one of my watch-list stocks, category of leasing company. There was golden cross signal in early this year and I have waited for another entry. Buy on Dip is one of my favorite signal to buy the stock at limited risks. Good luck for your trading.
SAWAD | Thailand SET Market > Financial Sector | Price Action & Chart Pattern Trading
> A powerful breakout from weekly timeframe 3 drive harmonic pattern
> Med term run trend ENTRY position with an estimated minimum target of 3 drive harmonic pattern
> RSI bullish signal crossover MA above 50.
> MACD golden cross signal above baseline
Trade with affordable risk...
SAWAD is likely to go down to the tunnel line and previous support line. We may measure the target price with fibo. projection and get the same Target price at 60.0THB.
H&S Pattern breakout with gap is a high demand drive. I found this stock too late so just wait and see the target price with Fibonacci projection. Just wondering the Fibonacci extension is not significant to this price chart.
