SET50 trade ideas
SET50 is have probability to fall a lot.THIS IS JUST MY OPN, SET50 is in the corrective wave, wave c and it is motive term from this analysis presume as normal trending impulse wave. And wave 2 of impulse wave is Irregular Failure Flat or Running Flat may be two of these, but all of these have an affect to super extended of wave 3 a lot.(-a lot mean 2.618 of wave 1-)
Find opportunity to SELL on SET50 4/2/21BUY for consolidation phase:
Price already break 926 with big red candle with the price falling down to 923/920
Buy 923 on small lot (40%) another lot on 920 (60%)
Set TP as 926 for sure is around 927 can close order.
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SELL for Double top pattern:
Set SELL limit on 926 and Set TP/SL 933 (934 for sure)/ 915
RR: 1.7
Wait and see the price action on SET502 Scenarios can occur following:
*UP: If price breakout resistance area lead to bullish flag wait the price retrace at breakout trend line or zone to confirm the order Long
**DOWN: If price did not have volume to break resistance area, price will get retrace to support due to double was formed and already got retrace (CF to Short)
SET50 Long # 1 @ 976.3Grid Trading system
Daily: EMA rising, MACD-H ticked up, Vo is stable, bridge pattern, Trend is up.
1H: Bridge pattern @ EMA 13, EMA 26 is rising, MACD-H ticked up, Vo is stable and decreasing, Go long
ToDo: Buy bridge breakout, no stop, exit at 1000, or short call if premium > cashflow model