TTB | Wave Analysis - Possible Target DowntrendPrice action and chart pattern trading
> A possible target downtrend is within the range at SMA200 zone
> Wave 4 Zigzag family ABC currently retraced 0.5 Fibonacci of wave 3 which slightly overlapped with wave 1 is still valid.
> Long Entry @ SMA50 breakout zone as dynamic wave resistance
> Stoploss @ the lowest position of wave C- 5-6% downside
> 1st target at the high Wave 3 position + 15 -20%: RRR: 2.5:1
> Wave 5 uptrend target estimated at the channel upper resistance zone, targeting at 1.618 extension of Wave 1 - 1.60 - 1.70 baht
Always trade with affordable risk and respect your stoploss.
SYNEX | Wave Analysis - Bullish Divergence Ending Diagonal?Price action and chart pattern trading
> A potential downtrend wave C leading to an ending diagonal with the first MACD bullish divergence
> Long Entry - wait for Elliott Channel breakout to confirm the end of the downtrend
> Target Wave 4 rebounded at SMA50 Zone
> The target wave 5 downtrend at support Wave C and Wave II zone are closed in range.
Indicator:
MACD - first bullish divergence
Always trade with affordable risk and respect your stoploss
PTTGC | Wave Analysis | Downtrend Target Wave II ProjectionPrice action and chart pattern trading
> ABC correction wave 2 is around the corner within the zone 0.5 retracement of wave I.
> The current wave C extended 1.213 of wave A
> Upcoming Elliott Channel breakout to confirm end of downtrend correction
> Long Entry @ Channel breakout near SMA50 zone
> Short-term target at SMA200 / Volume Profile Point of Control
> Medium term trade target at 0.786 - 1.0 Wave I position
> Stoploss at the lowest point of Wave C zone
> RRR: 2:1 for short term and 3:1 for medium term trade
Indicator:
RSI above 50 with bullish divergence signal
Always trade with affordable risk and respect your stoploss.
GPSC and TD Sell Setup not Break TDST L.GPSC is still moving in downtrend although it rebounded during previous weeks. However, it's interesting when TD sell setup is counted and unable to break TDST Level. That's supposed the stock is still moving in the same trend. The previous low is expected as the target price while another side of wave line is applied for stop loss. Enjoy your trading.
OR | Wave Analysis Mapping- Channel Breakout - Pullback TradePrice action and chart pattern trading
> Elliottwave downtrend channel confirmed breakout crossover SMA200 heaven/hell line - RSI TFD already overbought - Pullback trade for medium-term is recommended
> Target @ volume profile POC 1.618 extension zone and 2.618 zone for 2nd target
> Stoploss @ Wave 5 zone Inverted Head or right Shoulders
> RRR: 2:1 downside less than 10%
Always trade with affordable risk and respect your stoploss
MBK Intermediate Negative Down TP@12.8Intermediate Negative Down TP@12.8
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection.
The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice.
BDMS | Bearish Divergence - Ending Diagonal Limited UpsidePrice action and chart pattern trading
> A Rising Elliott channel pattern with bearish divergence indicating limited upside for ending diagonal
> Minor wave 5 estimated at 1.618 retracement of wave 4 | 28.00 - 29.00 baht zone
> Take profit at the upper resistance zone
Always trade with affordable risk and respect your stoploss
INSET | Downtrend Elliott Bullish Flag - Ending DiagonalPrice action and chart pattern trading setup - short term trade
> Downtrend Bullish Elliott Flag - Ending Diagonal Pattern
> Entry @ Pullback EMA10 - 20 zone
> Target @ upper flag resistance zone / SMA50
> Stoploss - the lowest position of wave 3
> RRR: 1.5:1 short term trade
Indicator:
> Smart money volume support
> Banker chip entry signal
> BBD bullish divergence signal golden cross baseline
> KDJ stochastic strong uptrend momentum
Always trade with affordable risk and respect your stoploss
XO | Corrective ZZ - Downtrend Target Wave Projection SMA200WPrice action and chart pattern trading
> update wave analysis target for downtrend at SMA200W - extension 0.786 - 1.0 of wave A
> Long Entry- patiently await for upcoming downtrend line breakout wave ii and iv for reversal confirmation
Always trade with affordable risk and respect your stoploss
ESSO | Symmetrical Triangle Pattern | Pullback Entry SetupPrice Action and chart pattern trading
> Symmetrical triangle pattern with a possible retracement to key support line
> Entry opportunity at PULLBACK
> Target 0.786 - 1.0 Fibonacci
Indicator: RSI and MACD uptrend bullish signal
Risk Ratio 1:2
Always trade with affordable risk and respect your stop loss.
SCGP and WTZ3 in DowntrendWhile market and most stocks move in downtrend, holding stocks or trading opposite the trend is not strategic idea. I try to pick up stocks moving in the same trend or early downtrend. SCGP is another one to use Surf on the wave technique to trade on the continuous trend. Swing trade setup is also applied for a good entry. Good Luck