Price action and chart pattern trading
> Parallel Channel uptrend pattern from Wave 4 to 5 now almost hit the top of the channel.
> Wave 5 target estimated at 1.618 Fibonacci retracement of wave 4
Indicator:
> Target RSI 82 - 88 now at 74
> MACD 0.6 - 1.0
> ATR 0.7 - currently at 0.6
BEC | Thailand SET Index | Media Sector | Chart Pattern Trading
The banker next move could be going for a powerful big butterfly effect to drive the price this uptrend wave What do you think?
Trade with affordable risk
Trust in your system indicator
Always respect STOP-LOSS
Good Luck
DP
BEC | Thailand SET Index | Media Sector | Bullish Chart Pattern
Price Action: Strong bullish candlestick breakout from consolidation
Chart Pattern: Parallel Channel uptrend
Indicators:
> MFI - Money Flow - in Bullish
> RSI rebounded signal
> MACD about to make golden cross
Business Factor remains strong in Q4
Entry Position: Buy On Dip | Pullback
Always...
