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
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
PTTGC with Inverted H&S Pattern and WTZ2I apply chart pattern (Inverted H&S) together with WTZ2, my favorite setup for trading strategy of this stock. In addition, if finding their financial statement, you will not doubt to entry. Once again, don't forget to calculate your risks well before trading. Good Luck!
DOHOME : Monthly chart looks greatEverything is on the chart!
16.9 should be next resistance
Trade safe and fun !
------------------------------------
P.S.
Im short term trader
I'm back to stock market (SET : Thailand)
I will post more often
My crypto account got blown from FTX
(that's the only exchange i used)
and i cant make up my mind to get back to crypto yet.
it's quite complicated way of transferring money here n there
SVI and WTZ3+Breakaway GapSometimes, trading strategy might be simple than you think but it depend on some situations. For SVI, I use WTZ3, another my favorite setup, combining with AO indicator and gap theory for entry signal. It's really simple but practical. However, trading method is important but managing your own risks is still more. Good Luck!