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BBGI | Wave Projection | Upcoming Inverse Head & ShouldersPrice action and chart pattern trading setup: > Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders > Entry @ breakout neckline > Target @ approximately the height of the head 9 baht > Stoploss @ upcoming right shoulder minor 5-wave > Risk reward ratio: 2:1 with downside -6% Indicator: > RSI +50 cross MA and MACD bullish divergence Always trade with affordable risk and respect your stoploss
SET:BBGILong
by dukeposh
WHA | Wave Projection | Inverted H&S Bull DivergencePrice action and chart pattern trading setup: > Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence > Entry @ Neckline pullback > Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside > Stop @ right shoulder - 3% downside > RRR: 2:1 The downtrend target C-wave or final 5-wave estimated at 0.786 of the last B-wave Always trade with affordable risk and respect your stop
SET:WHALong
by dukeposh
CRC | Wave ABCDE Projection | Ascending Triangle Trading Target Price action and chart pattern long term trading setup - catching the impulse 3rd wave extension. > ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders > Possible making the final E wave before breakout > Watch out for dump & pump on the way as prolongation of the E wave. Target estimated at the length of A wave equals to 1.618 extension or could be an impulse 3 wave - upside +40% at breakout position Stoploss @ the lowest position of E wave - 10 - 15 % downside RRR : 4:1 for long term trade
SET:CRCLong
by dukeposh
Regional Container Lines: Price Action and Areas of Interest It looks to me as if RCL is a corrective move to the downside. RCL is interesting as price action brings the actively traded value of the stock down to 37 Baht, some 30 Baht away from it's all-time high. Despite convincingly bearish PA since August of 21' RCL has posted great profits, with higher revenue and somehow, a higher profit margin every quarter. Their assets have grown significantly without trapping themselves in debt, while their cash and cash equivalents have grown almost 500% since 2015. The company could pay off all their 5.7 Billion of debt with just their cash. This is great, considering the tumultuous times we are in! They also have the cash to acquire more PPE (Which they have done). In the short-term I think there is potential to find support at this level and potential for volume to move price to the upside. 4HR View: I'm using the 4HR view because the E of an ABCDE does not need to touch the upper trendline and I'm not entirely sure how high we go before the E is completed. It is also possible that we can have a "throw-over" of the upper trendline, in that case we can expect price to move lower than illustrated here. As said in the beginning of this post, I think it is probable that we have PA moving to the downside. As an interested buyer I have outlined potential levels of interest. They're outline in the chart. This is my perspective from the 3D Chart.
SET:RCL
by CViewsTH
RATCH| Elliott Wave Projection | Inverted H&S Reversal Pattern Price action and chart pattern trading setup > Elliott Wave projection - downtrend final correction position with an expanding diagonal pattern. > Inverted head & shoulders reversal pattern in TFD with bullish engulfing candlestick > Indicator: RSI strong bullish signal cross above MA and MACD golden cross signal line > Entry @ Neckline breakout > Stoploss @ right shoulder position > Target @ previous wave 4 and 2 > RRR: 2:1 with -5% downside risk
SET:RATCHLong
by dukeposh
BCP | Double Bottom Uptrend Breakout | Marubozu White BullishBCP | Thailand SET Index | Energy Sector | Chart Pattern Trading > Double Bottom Uptrend Breakout within a major parallel channel > Price Action > Marubozu White candlestick - a strong bullish confirmation >RSI | Bullish signal crossed up MA line above 50 >MACD | Golden cross signal line just below 0 in uptrend Developing chart pattern in simple Harmonic ABCD rising Trade with affordable risk 3:1 Always respect your stop-loss Good Luck DP
SET:BCPLong
by dukeposh