Price action and chart pattern trading:
> The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern
> A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension.
> Support @ S1 -7% and S2 -10% downside
> Risk reward ratio: 2:1
> MACD squeezed momentum under the...
SCB is relatively stronger than SET with very low retracement level, it could has continue with another bull wave
the plan is to buy when the price Break at the Yellow line (126.50) and stop loss at the Red line (124.50)
its first target price is at the Blue line (138.50) sell 1/2 of the amount, the rest keep riding with the EMA10 or EMA20 depends on your preference.
We are doing Analysis of SCBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan
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