Price action and chart pattern trading > Falling wave channel pattern, possible downtrend 3-wave ending diagonal pattern > Target doubled top zone previous wave 1 - 2 as price rejection is expected, followed by tight candlestick consolidation. > Entry @ downtrend channel breakout from the consolidation, MACD and RSI bullish signal > there are other strategies you...
Price action and chart pattern trading > Elliott Wave projection of corrective Wave B - Entry @ downtrend line breakout of consolidation > Target Wave B Zigzag at 0.5 - 0.618 retracement of Wave A > Stoploss at the lowest point of Wave A impulse wave 5 position > Risk reward ratio at 2:1 for short term trade Always trade with affordable risk and respect your stoploss
RBF | Thailand SET Index | Food Sector | Price Action Trading Price Action | Entry Zone Position @ Pullback Chart Pattern | Ascending Triangle Breakout Elliot Wave Mapping for estimated 5th Impulse Wave Target Place your stop-loss about 5% below entry Risk Ratio: 3:1 Minimum Always respect your stop-loss Good Luck
RBF is still rising on the swing trade pattern. It's possible to hit the next TP (Fibo. P.61.8%) with convergence momentum. The initial stop can be applied for this plan.
Triple Screens layout from Dr.Alexander Elder's book TF 25 min for Entry point TF day for candlestick pattern, stop loss, take profit TF week for trend TF 25 min entry point show MACD bullish divergent TF day MACD histogram confirm blue signal system (in his book) Have a nice day