Price action and chart pattern trading
> Elliott wave downtrend falling wedge breakout
> Inverse head & shoulders reversal pattern with breakout
> Entry @ pullback B-wave retraced near neckline zone
> Target @ 0.386 retracement of (A) wave - volume profile point of control zone
> Stoploss @ the lowest head position -10% downside
> Risk reward ratio: 2:1
Always...
Price action and chart pattern trading setup:
> A possible downtrend A-wave reversal zone at the 5-wave uptrend Head & Shoulders target
> Now breakout downtrend 5-wave channel and developing an Inverse Head & Shoulders reversal pattern below SMMA200D zone.
> If breakout successfully, A possible scenario for long entry, we could wait for price to retest its...
ITEL | Thailand SET Index | ICT Sector | Price Action Trading
Chart Pattern: Falling Wedge Reversal
Price Action: Bullish Breakout with Breakaway Candle
Indicator:
> RSI & MACD golden cross above baseline
Placing your stop-loss 5-7% below the entry, there may be some pullback
Risk ratio: 3:1 minimum
Always respect your stop-loss
Good Luck
The company were in strong growth. The trend should sustain for the next few years. The good trend of higher GPM due to more recurring income contributions from Data Services.
