Price action and chart pattern trading
> Leading diagonal - contracting triangle pattern
> Entry @ triangle support
> Target @ Wave 3 position + 20% upside for short term trade
> RRR: 2:1 with -10% downside
> Long term trading target primary wave 5 at 1.618 extension zone at 75 baht +40% upside
Always trade with affordable risk and respect your stoploss
Price Action & Chart Pattern Trading - Dragon Tail
> Dragon Pattern 1st Target at Dragon Hump Zone and 2nd Target at Dragon Head Zone Volume Profile Key resistance.
> Trade with affordable risk and always respect your stop-loss
Good Luck
TOP | Thailand SET Index | Energy Sector | Correction ABC Wave about to end - Expect a rebound in near future.
> MFI Money Flow Index Divergent
> RSI tapping oversold position
> Elliott Wave Correction C position estimated at 1.0 of A Fibonacci.
Wait for a completed C position rebound signal or breakout before entering our first lot.
Stoploss can be placed at...
- I am expecting a non-standard correciton (ABCXABC pattern), in which PRIMARY wave has just ended and we are forming PRIMARY wave of the second ABC of the non-standard correction.
- There is a strong resistance at 77.75.
