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TRC | Thailand SET Index | Construction Sector | Chart Pattern Trading
Chart Pattern: Anti Shark Harmonic Bearish Pattern - Bull Trap
Price Action: Short Entry @ low breakout recommendation - Target Downtrend at the Shark tail
Good Luck
DP
ONEE | Thailand SET Index | Media Sector | Price Action & Chart Pattern Trading
Chart Pattern: Anti Shark Bearish Harmonic
Price Action: Short Entry @ Breakout avoid Bull Trap and could be entry @ pullback position for speculative buy
Indicator:
> RSI down dead cross MA line still on high bullish side above 50.
> MACD remains upside above baseline 0
Stop-loss...
This 3th idea get most of my attention. Couple reason for that. This II type harmonics patterns (Deep Crab and Anti Shark) often appears 4-5 or B-C of Elliott wave fractal and complete previous trend or correction. That can be case here and can fit EW count finish 4th wave for this drop and just to not to enter in zone of 2nd wave.
REMEMBER all this charts is...
Short term selling to the targets of shown harmonic patterns completion at point D
Then Long to the fibo targets of the completed pattern at 0.328 and 0.618 fibo levels
I'm waiting for an oscillator divergence giving a buy signal inside the red rectangular zone ,
I'm assuming this is a bearish wave B of Wave X of a WXY Pattern
I'm looking forward to trade the Bullish BC leg of wave X corrective structure
