KBANK | Elliott Wave - Wave 4 Support - Target Bull Pennant +30%
Price action and chart pattern trading setup
> Overall wave pattern moving in diagonal uptrend with a possible wave 4 triangle sideway.
> Now making a strong pullback to triangle support could be E- wave of ABCDE pattern at EMA200W zone
> Entry : A false triangle breakdown for a possible long entry between S1 and possible S2
> Target : bullish pennant at major wave 5 diagonal zone +30%.
> Stop: Slightly below S2 -5%
Always trade with affordable risk and respect your stoploss
Good Luck
> Overall wave pattern moving in diagonal uptrend with a possible wave 4 triangle sideway.
> Now making a strong pullback to triangle support could be E- wave of ABCDE pattern at EMA200W zone
> Entry : A false triangle breakdown for a possible long entry between S1 and possible S2
> Target : bullish pennant at major wave 5 diagonal zone +30%.
> Stop: Slightly below S2 -5%
Always trade with affordable risk and respect your stoploss
Good Luck
Comment:
Next key level support Volume Profile @ 1.0 Fibo extension strong support for C-wave correction :
