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dukeposh
Oct 17, 2022 9:02 PM

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

SINGER THAILAND PUBLIC COSET

Description

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:
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