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dukeposh

SINGER | Wave Projection | Major 4-Wave Triangle - MACD GoldenX

Long
SINGER THAILAND PUBLIC CO (SET:SINGER)  
dukeposh Updated   
SET:SINGER   SINGER THAILAND PUBLIC CO
Trend Analysis Chart Patterns Wave Analysis setindex priceaction chartpatterntrading elliotwaveanalysis elliottwaveprojection SINGER Double Bottom macdcross Contains image
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trendanalysis chartpattern waveanalysis setindex priceaction chartpatterntrading elliotwaveanalysis elliottwaveprojection singer doublebottom macdcross containsimage
The price is currently trading just below 200SMMA as the key resistance under the assumption that its major 4-wave triangle breakout could be possible with double bottom pattern and MACD golden cross.
This bullish scenario has the downside is -8% and the upside is +10 - 20% with RRR: 1.5-2:1.
Trade closed: stop reached:
The triangle didn't happen - the price now approaching the reversal 0.786 retracement zone with an uptrend possible liquidity zone line support - wait for wave C resistance or speedline breakout confirmation:
snapshot
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