Price is About to Breakout the Major High with EMA Signal SupporBoth EMA12 and EMA26 in the weekly and monthly timeframes are showing bullish signals. Prices have been consolidating for 1078 days, indicating a potential breakout. Since September last year, volumes have decreased, suggesting a buildup of pressure. Currently, the price is breaking through a Low Volume Node (LVN) area to the left, which could lead to a significant move upwards.
TFBF trade ideas
KBANK | Elliott Wave - Wave 4 Support - Target Bull Pennant +30%Price action and chart pattern trading setup
> Overall wave pattern moving in diagonal uptrend with a possible wave 4 triangle sideway.
> Now making a strong pullback to triangle support could be E- wave of ABCDE pattern at EMA200W zone
> Entry : A false triangle breakdown for a possible long entry between S1 and possible S2
> Target : bullish pennant at major wave 5 diagonal zone +30%.
> Stop: Slightly below S2 -5%
Always trade with affordable risk and respect your stoploss
Good Luck
KBANK | Wave Analysis | Bearish Projection Diagonal 4-wavePrice action and chart pattern trading
> A 2 conflicting pattern with a bearish move from the larger Head & Shoulders pattern and a bullish one with current bull pennant.
> The larger HS pattern could be overshadowing the smaller pennant pushing the price lower - SMA20 dead crossed SMA50.
> A strong symmetrical resistance; upper volume profile, price resistance, and SMA200.
> This 4-wave diagonal projection is based on the unsuccessful breakout scenario with an upcoming C leg downtrend extension 0.786 - 1.0 approximately - 10 - 15% downside.
> A bullish scenario is based on the successful breakout of bull pennant and SMA200 targeting the previous 3-wave high with a +20% upside.
> Indicator: bearish MACD signal crossing below the signal and baseline
Always trade with affordable risk and respect your stoploss!
KBANK |Elliott Wave Projection - Impulse Wave 3 IntermediatePrice action and chart pattern trading - rising wedge
> Elliott Wave Projection - Impulse Wave 3 Intermediate is upcoming at 1.236 zone extension of Wave 1, assuming Wave 4 minor is here and Wave 5 minor is estimated at 1.618 - 2.0 can be impulse or diagonal.
> Entry at the pullback swing wave 4 support zone, stoploss at SMA50, RR 3:1 for medium-term trade.
Always trade with affordable risk and respect your stoploss
Update KBANK: Jan 8, 2022My first condition is bullish bias but the secutity price have to move and break resistance zone between 151 - 153 THB and stand on that zone with strong buyer force or large buying volume, then this security can hike up to target price around 180 THB. In another way, the price cannot break the resistance zone and stand on that zone then security price will drop to at least 123 THB.
Kbank H4 current price 118.50Kbank H4 current price 118.50
+1. Price can stand on ema 50/100/200
-1. Price breaks short-term support ema20
-2. There is a lot of sales force coming out in 4 hours.
last before the market close
Strategy (Buy on Dip)
Buy - wait, the price may drop to test the support area.
around 116 baht if able to stand and have a large trading volume
but if unable to stand, the next support line is 113.50
Kbank Day 118.50 baht [4/9/2021] Kbank Day 118.50 baht
+1. Price can close above POC 120
+2. Price can close above EMA 200 area 118
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-1. Divergence RSI and Sto are born.
The price may be reduced in the area of 118.50-120.00 baht.
before rising again, target 133/150, respectively.
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Buy On Dip Strategy