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CBG | Leading Diagonal Wave IV Projection CyclePrice action and chart pattern trading setup - Entry at descending triangle breakout > Wave Projection based on the weekly timeframe - the leading diagonal wave IV zigzag family is in the range 0.382-0.5 retracement of W.III slightly overlapped W.I > Wave III extended 1.618 of W.I exactly and W.V is estimated at 1.618 - 2.0 of W.IV at 192 - 215 baht. > 1st target medium term trade target at 0.786 - 1.0 retracement of W.III +30% upside > Stoploss at the lowest point of W.IV - downside -12% > Risk reward ratio 2.5:1 The contracting/expanding diagonal concept is not Elliott's original work but with enough incidence today, some of us are convinced of its validity.
SET:CBGLong
by dukeposh
Just hold on alittle bit more!!BGRIM seems to be almost done on correcting big wave 3 (blue). Currently, we are in wave 4 which doing a complex correction Flat-X wave-Zigzag (W-X-Y). Then, if we look closer at the last leg of wave Y, we still miss the fifth wave to complete the whole wave. So after looking carefully, the graph depicts the interest price area to buy. That price would be nothing else but at the extortion gap that happened in May 2018. However, as I show in the illustration, the price will go up a bit and then continue to dip down, I still need the confirmation of where the price end to finalize the buying area. (Not financial adviser, just share my POV.)
SET:BGRIMShort
by Naphat_DD
PSL | Detailed Elliott Wave Projection - Bullish Scenario Price action and chart pattern trading > A more detailed project of Elliott Wave presents an alternative bullish scenario. > An Impulse ZZ family has possibly presented a wave 2 intermediate position going up making wave 3 on the way. > 1st target at wave 1 position, 2nd target at wave 3 at 1.213 - 1.618 zone and final target at wave 5 at 1.618 - 2.618 extension zone > Stoploss at the lowest position of wave 2 with downside risk at 10 - 15%. > RR at 2:1 for short term and 3:1 for medium term trade. > The extended target of Primary Wave 5 is projected with 1.618 - 2.618 retracement of primary wave 4 at 33.5 - 40.5 for your run trend lot. Always trade with affordable risk and respect your stoploss.
SET:PSLLong
by dukeposh
PSL | Elliott Wave Projection Standard Zigzag Correction ABC Price action and chart pattern trading > Estimated Elliott Wave standard ZZ correction ABC - impulse C at 0.786 - 1.0 of wave A but can be truncated or failure > Making the Elliott Wave main cycle W.II at 0.382 Fibonacci retracement of W.I starting point Note: projection in TF4H and TF1H can be different i.e. W.B position is projected as new Wave 1 cycle. Always trade with affordable risk and respect your stoploss! Good Luck
SET:PSLShort
by dukeposh
TTA | Elliott Wave Projection - Impulse Intermediate Wave 3Price action and chart pattern trading > Elliott Wave Projection - Intermediate Wave 3 Impulse at 1.213 - 1.618 of Wave 1, assuming that Wave 2 intermediate is here and recent Wave C at the lowest position of this downtrend. > Wave 5 intermediate is projected at 2.213 - 2.618 of Wave 1 closed to the previous Wave 5 zone. > Stoploss at W.C position risk 10% > RR 3:1 for medium-term trade Always trade with affordable risk and respect your stoploss.
SET:TTALong
by dukeposh
TU | Elliott Wave Projection - End of Wave 4?Price action and chart pattern trading > Elliott Wave Projection of the primary wave 4 coming to an end of sharp declining DOUBLE ZIGZAG Correction? > Wave Y coming to 1.236 to 1.618, then Wave 4 would slightly overlap Wave 1 position and expected a possible small sideway breakout consolidation for a buy entry. > If Wave 4 is coming to the end as described, Wave 5 is projected at 1.236 - 1.618 retracement of wave 4. Always trade with affordable risk and respect your stoploss
SET:TU
by dukeposh
STA | Elliott Wave Projection | ZZ Correction ABCPrice action and chart pattern trading setup > Leading Diagonal Family now the zigzag primary wave 4 can not go lower than wave 2 (slight overlapped maybe possible practically.) > If wave 4 is a failure, the current wave would be reset to wave 2 and projected wave 3 would become wave 1. > Wave 4 is always zigzag family - sideway breakout is optional as a combination with flat > Wait for confirmed new wave breakout before entry at wave 2 or wave 4 minor > 1st target for long can be set at 0.5 to 0.786 retracement top of wave 3 > The Final target at wave 5 always ends beyond wave 3 at 1.236 or 1.618 wave 4 retracements. > Recommended risk reward ratio at 3:1 for medium and long term trade. Always trade with affordable risk and respect your stoploss.
SET:STALong
by dukeposh