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CGH | Elliott Wave Projection - Correction ABC Ending?Price action and chart pattern trading > Elliott Wave projection - uptrend wave 1 - 3 Expanded Leading Diagonal type - wave 4 would overlap wave 1 position. > Wave 3 extension - LEADING DIAGONAL - 2.0 of wave 1 > corrective ABC - wave A - impulse leading diagonal retraced 0.5 of wave 3 > wave B - zigzag family 0.618 of wave A > wave C - impulse ending diagonal currently retraced in range of 0.786 - 1.0 of wave A > Primary Wave 4 is currently in the range and already overlapped Wave 1 coming to the end. Trading Setup: > Entry at BREAKOUT downtrend line minor wave ii and iv > Target wave 1 reversal 0.618 - 0.786 of previous wave B position. > Stoploss at the lowest of wave C position > RRR: 3:1 for medium-term trade Note: The expanding/contracting leading diagonal concept is not Elliott's original work but appears in enough incidents that convince us of its existence and validity. Always trade with affordable risk and respect your stop-loss.
SET:CGHLong
by dukeposh
SET:PROEN LONG. Await clear breakout from consolidation zoneOpportunity to long SET:PROEN . Stock has undergone significant accumulation since IPO. Price is currently in uptrend, above VWAP from IPO. Await a breakout + a surge in volume traded as a trade confirmation. Stock has just been removed from SET surveillance list, allowing for margin accounts to participate in the action -if any ;) Listed Shares: 316M Free Float = 25.52% // Shares Free float = 80.64M shares (1,241 minority shareholders) Total shares traded in range from IPO = ~1,900M shares Current Market cap @9.20 THB = 2.91B THB (03/05/22)
SET:PROENLong
by NavTrader
CBG | Leading Diagonal Wave IV Projection CyclePrice action and chart pattern trading setup - Entry at descending triangle breakout > Wave Projection based on the weekly timeframe - the leading diagonal wave IV zigzag family is in the range 0.382-0.5 retracement of W.III slightly overlapped W.I > Wave III extended 1.618 of W.I exactly and W.V is estimated at 1.618 - 2.0 of W.IV at 192 - 215 baht. > 1st target medium term trade target at 0.786 - 1.0 retracement of W.III +30% upside > Stoploss at the lowest point of W.IV - downside -12% > Risk reward ratio 2.5:1 The contracting/expanding diagonal concept is not Elliott's original work but with enough incidence today, some of us are convinced of its validity.
SET:CBGLong
by dukeposh
Just hold on alittle bit more!!BGRIM seems to be almost done on correcting big wave 3 (blue). Currently, we are in wave 4 which doing a complex correction Flat-X wave-Zigzag (W-X-Y). Then, if we look closer at the last leg of wave Y, we still miss the fifth wave to complete the whole wave. So after looking carefully, the graph depicts the interest price area to buy. That price would be nothing else but at the extortion gap that happened in May 2018. However, as I show in the illustration, the price will go up a bit and then continue to dip down, I still need the confirmation of where the price end to finalize the buying area. (Not financial adviser, just share my POV.)
SET:BGRIMShort
by Naphat_DD