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TIPH | Elliott Wave - Wave 4 Uptrend Target or A Bull Trap?

Long
DHIPAYA GROUP HOLDINGS PCL (SET:TIPH)  
dukeposh  
SET:TIPH   DHIPAYA GROUP HOLDINGS PCL
Trend Analysis Chart Patterns Wave Analysis setindex priceaction elliottwaveprojection elliottwavecorrection Inverse Head and Shoulders
2
0
trendanalysis chartpattern waveanalysis setindex priceaction elliottwaveprojection elliottwavecorrection inverseheadandshoulders
Price action and chart pattern trading - A possible bull trap false breakout SMA200D
> The price strong breakout last week could be forming an inverse head & shoulders pattern for a possible 4-wave correction uptrend
> Wait for a pullback to complete the right shoulder consolidation pattern.
> Entry : breakout - right shoulder after pullback consolidation
> Target: Upper resistance +10-15% (0.382 - 0.5 Fibonacci retracement zone)
> Stop: right shoulder support - 4%
> Risk Reward Ratio: 2:1

Always trade with affordable risk and respect your stoploss
Good Luck
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