LANNA | Wave Analysis | ABCDE Triangle Breakout TargetPrice action and chart pattern trading
> Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern
> TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside
> TP2 @ 1.618 extension of wave D +18% upside
> Stoploss @ SMA20 - 6-7%
> Risk reward ratio: 2.5-3:1
Always trade with affordable risk and respect your stoploss
LANNA trade ideas
LANNA | Inverted Head & Shoulders | Entry SetupPrice Action & Chart Pattern Trading
> Inverted Head & Shoulders forming | Entry @ Demand support line zone (right shoulder) crossing up EMA200 and SMA200
Indicators:
> Smart Money and Banker Chip volume support
> BBD crossing up baseline
> Fundflow turning positive in-flow bullish signal
> KDJ bullish changing to uptrend ribbon
Trading with affordable risk ratio 3:1
Always respect your stoploss
Good Luck
LANNA Week price 20.50 bahtLANNA Week price 20.50 baht
+1. There is a large purchase volume.
+2. Price Stands Above Ema 20/50/100/200
+3 Price can stand above POC
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-1. Price reaches a large resistance in the area of 19.90-20.50
-2. Price reached the end of the Fibo target 423.6% = 19.90
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Strategy (wait)
The price should go down to at least 14.40.