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BPP | Wave Analysis | Bullish Divergence Uptrend Target +25%Price action and chart pattern trading setup: > ABC correction - main downtrend channel breakout in TFW and bullish Anti Nenstar pattern - possible a major trend reversal pivot point > Indicator: MACD / RSI bullish divergence - strong reversal signal in TFW > Entry @ Breakout retest zone SMA50 - 20 > Target @ TP1 17.2 + 15% Inverted Head & Shoulders Target / TP2 18.7 + 25% - Falling Wedge Target - 0.618 Fibonacci retracement and volume profile POC > Stop @ Inverted head position -7% > Risk reward ratio: 2:1, 3:1 Always trade with affordable risk and respect your stoploss - nothing 100%
SET:BPPLong
by dukeposh
TIPH | Elliott Wave - Wave 4 Uptrend Target or A Bull Trap? Price action and chart pattern trading - A possible bull trap false breakout SMA200D > The price strong breakout last week could be forming an inverse head & shoulders pattern for a possible 4-wave correction uptrend > Wait for a pullback to complete the right shoulder consolidation pattern. > Entry : breakout - right shoulder after pullback consolidation > Target: Upper resistance +10-15% (0.382 - 0.5 Fibonacci retracement zone) > Stop: right shoulder support - 4% > Risk Reward Ratio: 2:1 Always trade with affordable risk and respect your stoploss Good Luck
SET:TIPHLong
by dukeposh
VGI | Wave Projection | Inv. H&S TFW Breakout Target +30% upsidePrice action and chart pattern trading setup & target > This wave analysis in weekly timeframe indicates a possible new 1-wave ABC uptrend reversal pattern with an inversed head & shoulders pattern support. > ENTRY: A possible pullback trade at neckline breakout zone > TARGET: head & shoulders targeting 1.618 extension +30% upside > RESISTANCE: 1.0 Fibonanci extension zone 5.30+ baht > STOP: right shoulder zone -10% risk > RRR: 3:1 Always trade with affordable risk and respect your stoploss Goodluck
SET:VGILong
by dukeposh
B | Wave Projection | TFW Bullish Divergence | Ending Diagonal?Price action and chart pattern - descending triangle with a bullish divergence pattern in weekly timeframe is considered a strong reversal trading signal. Wave projection: A possible 5 wave of major A-wave correction coming forming an ending diagonal wave targeting 0.5 - 0.618 fibonanci extension of previous 3-wave downtrend. Entry: Descending triangle breakout / SMA200W zone Stop: Lower triangle support -12%-15% Target: 0.382 - 0.5 retracement of current downtrend A-wave +40% - 50% Risk reward ratio: 3:1 Always trading with affordable risk and respect your stoploss Good Luck
SET:BLong
by dukeposh