ADVANCE | Thailand SET Index | ICT Sector | Price Action Analysis | SL - Falling Wedge Support Line
> Recent breakout uptrend channel of trade into downtrend channel - Falling Wedge Pattern - Primary WAVE 4 - ABC correction phase
> Possible trend reversal - wait for positive Banker Fund Flow signal before entering
> Retesting the Falling Wedge Support line if failed, possible to drop to EMA100.
> Smart Money signal - wait for fund flow divergent to confirm
> Volume Accumulation Index turning to Distribution (green color)
Upside fundamental factors:
> Positive +YOY upcoming earnings
> Current laggard stock price
> Recent breakout uptrend channel of trade into downtrend channel - Falling Wedge Pattern - Primary WAVE 4 - ABC correction phase
> Possible trend reversal - wait for positive Banker Fund Flow signal before entering
> Retesting the Falling Wedge Support line if failed, possible to drop to EMA100.
> Smart Money signal - wait for fund flow divergent to confirm
> Volume Accumulation Index turning to Distribution (green color)
Upside fundamental factors:
> Positive +YOY upcoming earnings
> Current laggard stock price
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.