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dukeposh

TIDLOR | Wave Analysis | Falling Wedge Breakout-Bull Divergence

Long
NGERN TID LOR PCL (SET:TIDLOR)  
dukeposh Updated   
SET:TIDLOR   NGERN TID LOR PCL
Trend Analysis Chart Patterns Wave Analysis setindex priceaction Falling Wedge elliotwaveanalysis elliottwaveprojection breakouttrading
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trendanalysis chartpattern waveanalysis setindex priceaction fallingwedge elliotwaveanalysis elliottwaveprojection breakouttrading
Price action and chart pattern trading:
> A possible ABC correction - C-wave trend reversal in progress
> Falling wedge local trend breakout EMA20D resistance making an inverse head & shoulders pattern.
> TP1 @ SMMA50 as key dynamic resistance and TP2 @SMMA200 with +20%++ upside
> Entry @ Neckline breakout with Stoploss @ H&S head position -8%
> Risk reward ratio: 2.5:1

Always trade with affordable risk and respect your stoploss!
Trade active:
Possible developing pattern doubled bottom breakout: target at 1.618 level 28 and 30 baht :
snapshot
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