BGRIM | Elliott Wave Analysis - Leading Diagonal Cup HandlePrice action and chart pattern trading
> Cup & Handle pattern with a leading diagonal wave forming the cup handle, possibly iv-wave correction targeting EMA70 slightly below the lower channel support
> Expecting a candlestick tight formation for reversal pattern formation before entering a long entry.
> The target 3-wave confirmation should break out the upper channel resistance.
> The final target of cup & handle at 2.618 extension zone
BGRIM trade ideas
BGRIM| Wave Projection - Corrective ABC Ending DiagonalPrice action and chart pattern trading setup
> Wave projection - corrective ABC ending diagonal Wave 4 at 0.5 - 0.618 of wave A, ranging from 36-41 baht.
> Final wave 5 to complete Wave C projected at 0.786 - 1.0 of Wave A, 23 - 30 baht range.
> Entry @ Falling Wedge breakout after completing wave C
> Target at Wave B position
> Stoploss at wave C lowest position
Always trade with affordable risk and respect your stoploss
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.)
BGRIM | Possible Powerful 3 Drive Harmonic Reversal Pattern BGRIM | Thailand SET Index | Price Action & Chart Pattern Trading
> Possible upcoming trend reversal pattern based on its current falling channel
> A powerful THREE DRIVE HARMONIC PATTERN in a weekly timeframe
> The new Elliott Impulse Wave projection
> Strong RSI & MACD divergent signal for an upcoming major trend reversal pattern
ENTRY ZONE @ Impulse 1st Wave BREAKOUT
Trade with affordable risk ratio 3:1 for short term and 4-5:1 for med/long term trade
Always respect your stoploss
Good Luck
BGRIM Break out with average volume.BGRIM had brake-out from the previous upper trend line at 40.00 the last September. From then, it had been running along with a 45-degree upper trend line. Breaking such a line of high degree need more volume. Thus, I am bearish about this stock.
If Short
Short when it breaks down the trend line and cover at MV. AVG 50.
If it has more volume and the old trend line becomes a bottom resistant.
Long at the next Green Candle.