Trend was likely to be reversal when it shows two higher bottom and 19.0 breakout with peak volume and a gap up afterwards. This is kind of the uptrend confirmation. The target are predicted from the cluster of Fibonacci extension and projection which accidentally equal the peak volume price level in the past months.
Assume selling climax in July 2018 and accumulated for 26 bars. Then it did breakaway gap and marked up(01) for 30% approx. Again, it accumulated for shorter period for 16 bars and later did the breakaway gap which assuming this is in the mark up phase(02). Hopefully, it will reach 30% as a minimum next TP that should not be less that mark up phase(01)....
Heading up to Resistance level around 57
Test 3ATR Support Buy if break prior high (9.00) Stop if close below 3ATR Support
In this educational idea, I bring up a case study of a Thai stock SET:DOD in its first trading day 20180620 with a graph of 15-minute time frame. With the custom indicator "Forex Insight Pro 7.0", many tool options such as local max/min, sma2 and sma3 crossing, sma ribbon, cc59 counting, gap finding, rsi warning provided useful information that could help in...