XO has impressively gone up double in just a couple of months, responding the good news that the company has successfully penetrated the US market for the first time. The chart seems to be forming a High tight flag pattern. The price although did a break on 3rd of July, until today it has gone sideway instead of continuing the bull run. Considering volatility, I...
Price action and chart pattern trading > update wave analysis target for downtrend at SMA200W - extension 0.786 - 1.0 of wave A > Long Entry- patiently await for upcoming downtrend line breakout wave ii and iv for reversal confirmation Always trade with affordable risk and respect your stoploss
XO | Thailand SET Index | Price Action & Chart Pattern Trading > A traditional Cup & Handle pattern target for uptrend > The Handle retracement could be around 0.5 Fibonacci the cup shape > Elliott Wave Projection update Good Luck
XO | Thailand SET Index | Food Sector | Target for uptrend Elliot Wave & Fibonacci Extension estimated ENTRY Position Price Action Trading: Trend Breakout with Marubozu White candlestick Chart Pattern: Descending Triangle breakout Indicator: > MFI Money flow in > RSI bullish signal > MACD golden cross above zero line Risk ratio 1:3 minimum Stoploss 3-5%...
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