Price action and chart pattern trading > Elliott Wave Projection of the primary wave 4 coming to an end of sharp declining DOUBLE ZIGZAG Correction? > Wave Y coming to 1.236 to 1.618, then Wave 4 would slightly overlap Wave 1 position and expected a possible small sideway breakout consolidation for a buy entry. > If Wave 4 is coming to the end as described, Wave 5...
TU | Thailand SET Index | Food Sector | Chart Pattern & Price Action Trading Descending Triangle Breakout with Bearish Tweezer Top Candlestick pattern - Wait for Entry @ Pullback at retest position Double Bottom & Top RSI strong bullish signal MACD about to cross the baseline 0 Trade with affordable risk ratio 3:1 Always respect your stop-loss Good Luck DP
TU dropped below EMA50 after previous Head & Shoulders pattern making its way to reset current uptrend wave. If dropped below 20.5 and possibly going into corrective wave C position at EMA200. Stop Loss 20.5
With the MACD losing steam and the RSI overbought it's a good time to take on a short position on a relatively safe stock. Consider putting the SL @ 20.33 and take half profits at 19.43 and watch it from there. Take full profits when MACD starts to turn back around and RSI heads back up. This is a very low risk trade. Great for folks who aren't typicaly...