CRC | Wave ABCDE Projection | Ascending Triangle Trading Target Price action and chart pattern long term trading setup - catching the impulse 3rd wave extension.
> ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders
> Possible making the final E wave before breakout
> Watch out for dump & pump on the way as prolongation of the E wave.
Target estimated at the length of A wave equals to 1.618 extension or could be an impulse 3 wave - upside +40% at breakout position
Stoploss @ the low
CRC
CRC is looking GOOD in the big tfCRC is the Thailand's leading Department Store and Retailing - if anyone ever visited Thailand will realized that the weather here is D*MNLY HOT - that's why everyone love going to Malls not to buying stuff but mostly enjoying varieties of life style service that Thai's Malls provided.
Fundamental Analysis = As I told u earlier, Malls are like the heart of Thais and people who travel to Thailand, with the expect of much better situation of Covid-19 the got people less worry for and the tourists
Long CRCLong CRC
Entry 1: 11.4; Entry 2: 11.9
Exit 1: 10.8; Exit 2: 9.8
Target 1: 13.5; Target 2: 16.7; Target 3: 22.5
Signal:
+ Bullish divergence from Jul 20 to Jan 21.
+ Upward trending confirmed from Jul 21 to present, price slightly move above 02 MAs.
+ High volume bars breakout POC around 11.5.
CRC don't risk a lot on this one, see commentsHandle risk with caution, weekly timeframe is definetly not what i like so it can turn out to be a loser, but those sometimes turn out to be huge if momentum proceeds so a smaller risk can still do well.
new trend potential if support holds above trading range.























