HMPRO reversal pattern- Wave C of the Zigzag wave can be 123.6%(Current) or 161.8% of Wave A, so the downside is not that much now. - After triple combination correction wave, it will follow by impulse wave. - RSI TF week is oversold with a bullish divergenceLongby KriBo3
HMPRO Possible bottomTriple Combination Ending with Zigzag wave Wave C can be 123.6% or 161.8% of wave ALongby KriBo0
HMPRO | Wave Projection | Complex Inv. Head & Shoulders BreakoutPrice action and chart pattern trading setup > A possible bullish uptrend ABC scenario with complex inverse head & shoulders pattern with SMMA50D as its neckline BREAKOUT! > The candlestick pattern is consolidating just above the breakout area which possibly retest its neckline next week before price push higher. > Entry @ B1: PULLBACK retesting neckline within area of candlestick consolidation B2 @ breakout as follow buy. > Target: Inverse head & shoulders T1 is fibo 1.0 extension and T2 just below 1.618 ext. zone + 12 - 18% > Stoploss: right shoulder zone - 7 - 8% > Risk reward ratio: 1.5 - 2: 1 > Indicator: RSI > 60 bullish channel and breakout MA > The key fundamental analysis found that this coming high season after Thailand major flooding could trigger a boost in revenue and profit in upcoming Q4 company performance. Always trade with affordable risk and respect your stoploss.Longby dukeposh1