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ABM | Triangle Breakout | Target ENTRY PositionABM | Thailand SET Index | Energy Sector | Chart Pattern Trading > Chart Pattern: Symmetrical Triangle Breakout > Price Action: ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL > Indicator: MFI Bull momentum above 60, RSI > 50 golden cross MA line, MACD crossing up signal line above baseline 0. Trade with AFFORDABLE risk ratio 3:1 Trust in SYSTEM indicator Always respect STOP-LOSS Good Luck DP
SET:ABMLong
by dukeposh
WAVE | Ascending Triangle Breakout | Elliott 3rd Wave ResistanceWAVE | Thailand SET Index | Media Sector | Chart Pattern Trading Let's challenge ourselves to catch it before breakout once forming a tight consolidation candlestick pattern below the key resistance of Elliott Wave 3. Chart Pattern: Ascending Triangle Price Action: Speculative buy before the breakout Indicator: RSI and MACD bullish golden cross above baseline. Trade with affordable risk ratio 3:1 Always respect your stop-loss Good Luck DP
SET:WAVELong
by dukeposh
1
GEL | Parallel Channel Breakout | Target Entry@Pullback GEL | Thailand SET Index |Construction Material Sector | Price Action Trading Chart Pattern: Falling Parallel Channel Bullish Reversal Price Action: Bullish Breakout Entry at PULLBACK position Target estimated for short-term / long-term shot Indicator: > Support line just above EMA200 > RSI bullish signal above MA line > MACD golden cross above baseline 0 Trade with affordable risk ratio 3:1 at least Always respect your stop-loss Good Luck DP
SET:GELLong
by dukeposh
Thai SET impact from covid19 delta and omicron bad omensBBL ; price plummetted after fear started , when situation got to the worst, price already go up for days, as many can speculate the end of delta wave at a point, price open gap up, which favor strategy of short and DCA buy back over weeks gap up 23 aug , dropdown wks=... not quite gap down, more gradual price downtrend, downswing = 9, upswing= 11 kbank ; gap up 23 aug , dropdown wks=4, downswing = 9, upswing= 13 TMB bank (TTB) ; gap up 23 aug , dropdown wks=4, downswing = 17, upswing= 20+ up to now(jan22) siam cement company (SCC) ; same time gap up but last only 2-3 wks then down for 14 wks, now on uptrend for 4 wks but will see extent of omicron impact siam cement's paper&packaging company (SCGP) since ipo in 2020 it soared up and up, its theme of online shopping play important role in covid-era. So contradicting price fall when others went up in late august & start 6 wks downtrend. jan 2022 might start another down trend, as we already had 13 uptrend candles (TD sequential 13) but will SCGP be seen as covid-defensive stock might limit its downside From my humble, non-expert, nooby personal opinion, Thai's bluechip stocks could be in danger of omicron impact. Fundamentally ; afternoon of 5th Jan 2022, SET start falling, without apparent drop but retrospectively ,we guessed insider who seen omicron rising selling a chunk. 6th is public awareness of both us interest rate amped up & earning yield gap in downtrend, Thailand’s institutional side sells twice as much as foreign investor with 3x local investor buying the SET at 1660. growth of income/profit from SET100/SET50 depends on both domestic economy & tourism alike which both of which would be crippled by this covid19's wave Technically ' Thai's SET50 index plummetted 8 of last 8 times it hit resistance/support of 979- 999.
SET:BBLShort
by Omaha19Hush
ONEE | Bearish Anti Shark Harmonic | Bull Trap | Entry@Pullback?ONEE | Thailand SET Index | Media Sector | Price Action & Chart Pattern Trading Chart Pattern: Anti Shark Bearish Harmonic Price Action: Short Entry @ Breakout avoid Bull Trap and could be entry @ pullback position for speculative buy Indicator: > RSI down dead cross MA line still on high bullish side above 50. > MACD remains upside above baseline 0 Stop-loss @ Shark’s tail position - target at shark’s head until further new pattern changes Trade with affordable risk ratio 3:1 Always respect your stoploss Good Luck DP
SET:ONEE
by dukeposh
1
IP | Falling Wedge Reversal| MFI Divergence | Elliott 4th Wave?IP | Thailand SET Market | Price Action Trading | Elliott Wave Tracing Chart Pattern: entering Falling Wedge Reversal Pattern Price Action: Downtrend area of consolidation Entry Position: Buy on BREAKOUT of FALLING WEDGE Indicator: > MFI - Money Flow Divergence - Banker accumulation phase > RSI - Sideway up below 50 > MACD - Golden cross below baseline 0 Trust SYSTEM & INDICATOR | Never panic trade Trade affordable RISK | Ratio 3:1 Always respect STOP-LOSS Good Luck
SET:IPLong
by dukeposh