***Trend analysis Major-Downtrend Minor-UP trend ***Pattern analysis Major - Double Bottom Minor - HH/HL ***Tactics 1.Buy on Weakness 2.Price> MA 3.MA Cross up Expected TP RR 1:2.38 Have a good trade kub :)
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...
SCGP and its paper cartel have experienced a decline in their dominant position within the domestic market, where they previously maintained a strong monopoly and significant control. Historically, the paper packaging industry in Thailand has been recognized as one of the most expensive globally, largely due to the stringent control exerted by SCGP and its cartel...
While market and most stocks move in downtrend, holding stocks or trading opposite the trend is not strategic idea. I try to pick up stocks moving in the same trend or early downtrend. SCGP is another one to use Surf on the wave technique to trade on the continuous trend. Swing trade setup is also applied for a good entry. Good Luck
Everything is on the chart, . Btw.. KEX found its bottom see link below Trade safe n fun!
Price Action & Chart Pattern Trading Medium-Term Setup > Dragon Rectangle - Doubled Claws / Bottom Breakout signal Indicator: > Smart Money and Banker Chip Volume support > BBD Banker bullish signal above baseline > Fundflow bottom with reversal pattern > KDJ Stochastic on uptrend ribbon RR: 2:1 Always respect your stoploss
Everything is on the chart, wait until weekly candle confirm, but weekly MACD doesn't look good . I still have to manage the stock portfolio even though im not really in it. Feel free to feedback / comment and share ur ideas. Thank you
Bull trap with a bearish big bat harmonic pattern we did not spot until later.
Thailand SET | SCGP | Target Price 68.50 | Resistance 64.00 EMA50 POC VA | Stop Loss 59.00 > Inverted Head & Shoulders showing Buy Signal after recent Smart Money and Banker Chips strong signals > Main Elliott Wave Position 4 with positive banker chip signal
*IMPLUSE W3 EX" W4 Retrace at 38.2 TP at 100% of W1
Non-Standard Correciton. - There is an opportunity to enter at the end of Primary Wave . According to Elliot Wave Theory, after a non-standard correction, price should retrace to at least 61.8% of the last correction (@62.25).
SCGP has the setup of Swing trade. It retraced only 38.2% and possibly make a new high. Fibo. P. 61.8% is the first target of this trade setup. Good Luck!
We can learn the IPO type 1 with SCGP as this chart.