ABM | Triangle Breakout | Target ENTRY PositionABM | Thailand SET Index | Energy Sector | Chart Pattern Trading
> Chart Pattern: Symmetrical Triangle Breakout
> Price Action: ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL
> Indicator: MFI Bull momentum above 60, RSI > 50 golden cross MA line, MACD crossing up signal line above baseline 0.
Trade with AFFORDABLE risk ratio 3:1
Trust in SYSTEM indicator
Always respect STOP-LOSS
Good Luck
DP
Setindex
TU | Descending Breakout | Tweezer Top Entry @ Pullback / RetestTU | Thailand SET Index | Food Sector | Chart Pattern & Price Action Trading
Descending Triangle Breakout with Bearish Tweezer Top Candlestick pattern - Wait for Entry @ Pullback at retest position
Double Bottom & Top
RSI strong bullish signal
MACD about to cross the baseline 0
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Good Luck
DP
WAVE | Ascending Triangle Breakout | Elliott 3rd Wave ResistanceWAVE | Thailand SET Index | Media Sector | Chart Pattern Trading
Let's challenge ourselves to catch it before breakout once forming a tight consolidation candlestick pattern below the key resistance of Elliott Wave 3.
Chart Pattern: Ascending Triangle
Price Action: Speculative buy before the breakout
Indicator:
RSI and MACD bullish golden cross above baseline.
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Good Luck
DP
GEL | Parallel Channel Breakout | Target Entry@Pullback GEL | Thailand SET Index |Construction Material Sector | Price Action Trading
Chart Pattern: Falling Parallel Channel Bullish Reversal
Price Action: Bullish Breakout Entry at PULLBACK position
Target estimated for short-term / long-term shot
Indicator:
> Support line just above EMA200
> RSI bullish signal above MA line
> MACD golden cross above baseline 0
Trade with affordable risk ratio 3:1 at least
Always respect your stop-loss
Good Luck
DP
Thai SET impact from covid19 delta and omicron bad omensBBL ; price plummetted after fear started , when situation got to the worst, price already go up for days, as many can speculate the end of delta wave
at a point, price open gap up, which favor strategy of short and DCA buy back over weeks
gap up 23 aug , dropdown wks=... not quite gap down, more gradual price downtrend, downswing = 9, upswing= 11
kbank ; gap up 23 aug , dropdown wks=4, downswing = 9, upswing= 13
TMB bank (TTB) ; gap up 23 aug , dropdown wks=4, downswing = 17, upswing= 20+ up to now(jan22)
siam cement company (SCC) ; same time gap up but last only 2-3 wks then down for 14 wks, now on uptrend for 4 wks but will see extent of omicron impact
siam cement's paper&packaging company (SCGP) since ipo in 2020 it soared up and up, its theme of online shopping play important role in covid-era. So contradicting price fall
when others went up in late august & start 6 wks downtrend. jan 2022 might start another down trend, as we already had 13 uptrend candles (TD sequential 13)
but will SCGP be seen as covid-defensive stock might limit its downside
From my humble, non-expert, nooby personal opinion, Thai's bluechip stocks could be in danger of omicron impact.
Fundamentally ; afternoon of 5th Jan 2022, SET start falling, without apparent drop but retrospectively ,we guessed insider who seen omicron rising selling a chunk. 6th is public awareness of both us interest rate amped up & earning yield gap in downtrend, Thailand’s institutional side sells twice as much as foreign investor with 3x local investor buying the SET at 1660.
growth of income/profit from SET100/SET50 depends on both domestic economy & tourism alike which both of which would be crippled by this covid19's wave
Technically ' Thai's SET50 index plummetted 8 of last 8 times it hit resistance/support of 979- 999.
TRC | Bull Trap Beware | Anti Shark Bearish Harmonic | DowntrendTRC | Thailand SET Index | Construction Sector | Chart Pattern Trading
Chart Pattern: Anti Shark Harmonic Bearish Pattern - Bull Trap
Price Action: Short Entry @ low breakout recommendation - Target Downtrend at the Shark tail
Good Luck
DP
ONEE | Bearish Anti Shark Harmonic | Bull Trap | Entry@Pullback?ONEE | Thailand SET Index | Media Sector | Price Action & Chart Pattern Trading
Chart Pattern: Anti Shark Bearish Harmonic
Price Action: Short Entry @ Breakout avoid Bull Trap and could be entry @ pullback position for speculative buy
Indicator:
> RSI down dead cross MA line still on high bullish side above 50.
> MACD remains upside above baseline 0
Stop-loss @ Shark’s tail position - target at shark’s head until further new pattern changes
Trade with affordable risk ratio 3:1
Always respect your stoploss
Good Luck
DP
MDX | Bearish ABCD Harmonic Pattern | Completed 5th Elliott WaveMDX | Thailand SET Index | Energy Sector | Price Action & Chart Pattern Trading
Chart Pattern: Bearish ABCD Harmonic Pattern
Price Action: Short Entry @ Low Breakout Channel
Completed Elliott 5th Wave correction ABC phase. What do you think? let me know
WIN | Strong Momentum Rising Window Candle- Triangle Breakout WIN | Thailand MAI Index | Price Action & Chart Pattern Trading
Chart Pattern: Symmetrical Triangle Strong Momentum Breakout - possible new high Elliott 5th Wave Extension
Price Action: Entry @ New High Breakout supported with strong momentum with Rising Window Bullish Candlestick
Indicator:
> RSI: Bullish signal cross up MA line
> MACD: Golden cross way above baseline 0 - indicating strong bullish
OSP | Bull Trap | Falling Channel Harmonic Pattern | Tight StopOSP | Thailand SET Index | Food Sector | Chart Pattern Trading
Chart Pattern: Falling Channel Bearish Harmonic Pattern
Price Action: Watch out for BULLISH TRAP and FLASE REVERSAL BREAKOUT or Make ENTRY with tighter STOP-LOSS
Indicator:
> RSI & MACD Bullish Trap
Trade with affordable risk
Trust in your system indicator
Always respect STOP-LOSS
Good Luck
DP
INTUCH | Bull Trap | Bearish Butterfly Harmonic PatternINTUCH | Thailand SET Index | ICT Sector | Chart Pattern Trading
> Chart Pattern: Bearish NEN STAR and BUTTERFLY in PARALLEL CHANNEL - Bull trap
> Price Action: Beware of BULLISH TRAP | Entry Position@Breakout with tighter stop-loss
> Indicator: BULLISH TRAP
Trade with AFFORDABLE RISK
Trust in your SYSTEM
Always respect STOPLOSS
Good Luck
IP | Falling Wedge Reversal| MFI Divergence | Elliott 4th Wave?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 0
Trust SYSTEM & INDICATOR | Never panic trade
Trade affordable RISK | Ratio 3:1
Always respect STOP-LOSS
Good Luck
WORK | Harmonic ABCD | Entry @ Pullback |Gravestone DOJIWORK | Thailand SET Index | Media Sector | Price Action Trading
Chart Pattern: Harmonic ABCD Bullish Pattern
Price Action: Entry @ Pullback from bullish breakout with Gravestone DOJI candlestick
Stop-loss Position - 3 - 5% below Volume Profile POINT OF CONTROL
Risk Ratio: 3:1 minimum
Indicator:
> RSI bullish divergent crossover
> MACD golden crossing over baseline 0
Always respect your stop-loss
Good Luck
HNY 2022
ITEL | Bullish Flag Breakout | Entry PositionITEL | 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
SUN | Possible Powerful 3-Drive Harmonic Pattern |Entry@BreakoutSUN | Thailand SET Index | Food Sector | Chart Pattern Trading
Chart Pattern: Possible a powerful THREE-DRIVE HARMONIC REVERSAL
Price Action: Entry@Breakout and Retest Area of Support
Indicator: RSI Bullish Divergence
Always respect your stop-loss
Good Luck
CPF | Week Timeframe | Bullish Wedge Breakout | Entry & Target CPF | Thailand SET Index | Food Sector | Price Action Trading
Price Action | Bullish Engulfing candlestick strong momentum
Chart Pattern | Falling Wedge Bullish Breakout
Indicator:
> Banker Smart Money & Chip Volume Support
> BBD Banker divergent signal
> Fund Flow uptrend bottom signal
> KDJ STO on the uptrend channel
Place your stop-loss zone 5-7% below ENTRY
Recommended Risk Ratio minimum 3:1
Always respect your stop-loss
Good Luck
IRPC | Bullish Wedge Breakout | Target for uptrendIRPC |Thailand SET Index | Energy Sector | Price Action Trading
Price Action | Bullish Breakout
Chart Pattern | Reversal Wedge
Indicator:
> MFI - Money Flow-in support
> RSI Bullish Signal
> MACD golden cross - crossing up 0
Fundamental Factor: Oil price bullish trend
Risk Ratio: 3:1 minimum
Always respect your stop-loss
Good Luck
OR | Pennant Triangle Breakout | OR | Thailand SET Index | Energy Sector
Price Action:
> Strong BREAKAWAY CANDLESTICK
> Trend reversal BULLISH BREAKOUT
Chart Pattern:
> Inverted Head & Shoulders on daily timeframe
> Pennant Triangle BREAKOUT
Indicators:
> MFI - Money Flow-In cross above 60
> RSI - Bullish Power Move
> MACD - GOLDEN CROSS about to cross up 0
Minimum Risk Ratio: 3:1
Always respect your stop-loss,
Good Luck
BBL | Weekly TF Inverted Head&Shoulders Target BBL | Thailand SET Index | Banking Sector
Chart Pattern Trading: Inverted Head & Shoulder weekly timeframe
Price Action Trigger: BUY ON BREAKOUT Neckline 129 Baht
Risk Ratio 3:1 minimum
Stop placement 5-10% below ENTRY POSITION
Always respect your stoploss
Good Luck
XO | Trend Breakout | Marubozu White Candlestick | Target Est.XO | Thailand SET Index | Food Sector | Target for uptrend Elliot Wave & Fibonacci Extension estimated
ENTRY Position
Price Action Trading: Trend Breakout with Marubozu White candlestick
Chart Pattern: Descending Triangle breakout
Indicator:
> MFI Money flow in
> RSI bullish signal
> MACD golden cross above zero line
Risk ratio 1:3 minimum
Stoploss 3-5% below entry
Always respect your stop-loss
Good Luck
BEC | Money Flow In - RSI Bullish Signal - MACD Golden CrossingBEC | Thailand SET Index | Media Sector | Bullish Chart Pattern
Price Action: Strong bullish candlestick breakout from consolidation
Chart Pattern: Parallel Channel uptrend
Indicators:
> MFI - Money Flow - in Bullish
> RSI rebounded signal
> MACD about to make golden cross
Business Factor remains strong in Q4
Entry Position: Buy On Dip | Pullback
Always respect your stop-loss,
Good Luck