Price action and chart pattern trading setup > Wave pattern: 2-Wave Triangle ABCDE - possible upcoming wave E before rising impulse 3 wave. > Entry: Support level SMMA50 and SMMA20 @ 0.618 and 0.786 retracement zone > Target: 3 -wave triangle breakout plus distance of the triangle channel 1.272 extension zone of main 1-wave +15-20% > Stoploss: Lower triangle...
Price action and chart pattern trading setup - take profit position > A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure > Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside > Stoploss: at the previous high position a-wave - 8%...
Price action and chart pattern trading setup > A possible 2-wave leading diagonal pattern ending at 0.786 retracement zone > Entry @ downtrend breakout with reversal pattern - watch for double bottom / inverse head & shoulders / triangle wave candlestick consolidation > Target @ 0.786-1.0 retracement to previous 1-wave + 10 - 12% > Stoploss @ the lowest position...
Elliott Wave Projection - Price action and chart pattern trading > Bullish Wedge Elliott Wave downtrend channel breakout > Key resistance SMA200 > TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point > TP2 @ 0.5 retracement - upper resistance of key volume profile zone =...
Price action and chart pattern trading > Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern > TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside > TP2 @ 1.618 extension of wave D +18% upside > Stoploss @ SMA20 - 6-7% > Risk reward ratio: 2.5-3:1 Always trade with affordable risk and respect your stoploss
Price action and chart pattern trading setup > Elliott wave projection downtrend breakout with inverse head & shoulders pattern > A possible wave B rebound targeting 0.382 - 0.5 retracement of A > Entry @ H&S breakout SMA25W > Target @ 0.382 retracement of Wave A / SMA50W zone +25% > Stoploss @ right shoulder / SMA400W -12% > Risk reward ratio: 2:1 Indicator: >...
Price action and chart pattern trading - take profit position > Rising/Bearish Wedge false breakout wave iv correction > Target Inverted Head & Shoulders 1.618 extension of wave 1 or A > Recommend take some profit along upcoming wave (iii) of wave v of wave 3 or C should be the longest wave. > Indicator: RSI / MACD should start showing bearish divergence during...
Price action and chart pattern trading > Cup & Handle pattern with a leading diagonal wave forming the cup handle, possibly iv-wave correction targeting EMA70 slightly below the lower channel support > Expecting a candlestick tight formation for reversal pattern formation before entering a long entry. > The target 3-wave confirmation should break out the upper...
Price action and chart pattern trading > Elliott Wave downtrend channel with triple bottom breakout > Indicator: MACD triple bullish divergence > Entry @ breakout & pullback support EMA50 zone > Medium Target @ EMA200 - SMA200 zone 0.382 Fibonacci retracement +17% > Stoploss @ triple bottom position - 7% > Risk reward ratio: 2.5:1
Berli Jucker Cellox LTD. (BJC, SET) Seem to end wave B, If the price don't below green "c" and break the green "d" and "b" After price Break Resistance, Confirm the end of the triangle, Ready to the next wave :D :D: D The next big wave target can reach around 110THB - 113THB if it confirms the pattern. SET:BJC Anyway, I'm still new to trading (Just 1 year), Feel...
Price action and chart pattern trading setup: > Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders > Entry @ breakout neckline > Target @ approximately the height of the head 9 baht > Stoploss @ upcoming right shoulder minor 5-wave > Risk reward ratio: 2:1 with downside -6% Indicator: > RSI +50 cross MA and MACD...
Price action and chart pattern trading setup: > Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence > Entry @ Neckline pullback > Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside > Stop @ right shoulder - 3% downside > RRR: 2:1 The downtrend target C-wave or final...
Price action and chart pattern trading > Wave Analysis projection - descending triangle / wedge breakout trading target > Entry @ support retest breakout downtrend wave triangle > Target 1.0 - 1.618 extension of ABC uptrend wave possible at volume profile resistance > Stop @ right shoulder of inverted head & shoulders > RRR 3:1 Always trade with affordable risk...
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...
The next things to do is keep on eye on the big support line.
The market seems more fragile than I thought and the regression is coming earlier than it should be.
Price Action & Chart Pattern Trading > Estimated Target MINOR ELLIOTT WAVE 5TH based on Fibonacci 1.0 of wave 1 and 1.618 retracement of wave 4 vs the earlier powerful THREE DRIVE HARMONIC PATTERN of MAIN ELLIOTT WAVE 4TH correction > Reversal pattern INVERTED HEAD & SHOULDERS in day timeframe. Trade with affordable risk 3:1 Always respect your stoploss Good Luck