dukeposh

BANPU.W4 | Rising Wedge | Wave Analysis Uptrend Projection

Long
SET:BANPU.W4   None
Price action and chart pattern trading
> Rising wedge Elliott Channel pattern looks like minor wave 3 is on the way uptrend, estimated at 1.213 extension of its wave 1.
> Entry @ pullback wave 4 may be possible at EMA10 - EMA20 ribbon zone
> 1st Target @ minor Wave 3 and 2nd Target @ Int. Wave 3 for medium term trade
> RRR: 2:1 minimum
> Indicator: RSI slightly tapping overbought but no bearish divergence


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