RS | Thailand SET Index | Media | Commerce Sector | Price Action Trading
Chart Pattern: Falling Wedge Bullish Reversal
Price Action: Entry @ Breakout Pullback
Indicator:
Volume profile strong support Stop-loss position and possible for uptrend price jump
RSI: slight bearish divergent indicating short term price pullback - buy opportunity
MACD: bullish golden cross signal line above baseline 0
Trade with affordable risk ratio 3:1
Always respect your stoploss
Good Luck
DP
Chart Pattern: Falling Wedge Bullish Reversal
Price Action: Entry @ Breakout Pullback
Indicator:
Volume profile strong support Stop-loss position and possible for uptrend price jump
RSI: slight bearish divergent indicating short term price pullback - buy opportunity
MACD: bullish golden cross signal line above baseline 0
Trade with affordable risk ratio 3:1
Always respect your stoploss
Good Luck
DP
Trade active:
The price managed to come back above EMA200 and SMA200. This is one pattern not easy to find detailed trend breakout so harmonic tracing might be useful in this situation. See the uptrend channel harmonic tracing - bullish anti crab and bat with target entry position.
Trade closed: stop reached:
The Thai government announced 15% tax on annual crypto income and banned for product / services exchange affecting all stock related in very negative way.