TIDLOR trade ideas
TIDLOR | Wave Analysis | Falling Wedge Breakout-Bull DivergencePrice action and chart pattern trading:
> A possible ABC correction - C-wave trend reversal in progress
> Falling wedge local trend breakout EMA20D resistance making an inverse head & shoulders pattern.
> TP1 @ SMMA50 as key dynamic resistance and TP2 @SMMA200 with +20%++ upside
> Entry @ Neckline breakout with Stoploss @ H&S head position -8%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss!
TIDLOR | Triangle Breakout | Entry-Pullback Shooting Star candleTIDLOR |Thailand SET Index | Financial Sector | Price Action Trading
Chart Pattern: Pennant Triangle Breakout
>Price Action: Entry Zone @ Pullback - shooting star candle
>Stop-loss Zone just 3-5% below the VOLUME PROFILE - POINT OF CONTROL LINE
>EMA10 and EMA20 crossing up EMA50 main dynamic resistance.
Indicator:
> RSI & MA bullish signal
> MACD golden cross uptrend just below baseline 0
Always respect your stop-loss
Good Luck &
Happy New Year