Price action and chart pattern - descending triangle with a bullish divergence pattern in weekly timeframe is considered a strong reversal trading signal. Wave projection: A possible 5 wave of major A-wave correction coming forming an ending diagonal wave targeting 0.5 - 0.618 fibonanci extension of previous 3-wave downtrend. Entry: Descending triangle breakout /...
Price action and chart pattern trading setup > ABC Zigzag wave correction with a breakout at wave 4 downtrend channel > Target downtrend zone at Fibonacci 1.0 extension - 0.45 baht price > A possible upcoming bullish divergence for wave 5 with ending diagonal pattern > Wait for retest at the low position? always trade with affordable risk and respect your stoploss
Price action and chart pattern trading > Downtrend flag parallel channel with bullish wedge reversal pattern > Entry at pullback position > Target at upper parallel channel Indicator: > RSI and MACD Bullish divergence Always trading with affordable risk and respect your stop
Trend Analysis : Up Side Trend They forms symmetrical Tri-Angel pattern while MACS crossover. Short Term : Sell .78, TP .85