Price action and chart pattern trading setup > A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D. > Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside > Stoploss: E-Wave position -8% - 10% > Risk reward ratio: 3:1
Indicator: > RSI weekly: bullish signal crossed up MA line above 50. > MACD weekly: golden crossing signal line slightly below zero.
Company financial with ongoing outstanding performance +YOY and +QOQ for 3 consecutive years and quarters.
Trade closed: stop reached
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B-wave complex correction instead of traditional triangle - the price as now testing the wave 1 support zone at 2 baht zone.