Price action and chart pattern trading > Target projection of upcoming wave 5 estimated from Fibonacci 1.618 retracement of Wave 4 - A and equal to 2.618 of Wave 1. > Minimum target 1.618 extension of minor wave 1. Always trade with affordable risk ratio 3:1 for medium or long term Respect your stop loss. Good Luck
IP | Thailand SET Market | Price Action Trading | Elliott Wave Tracing Chart Pattern: entering Falling Wedge Reversal Pattern Price Action: Downtrend area of consolidation Entry Position: Buy on BREAKOUT of FALLING WEDGE Indicator: > MFI - Money Flow Divergence - Banker accumulation phase > RSI - Sideway up below 50 > MACD - Golden cross below baseline...