Tanakorn_Koomrampai_CMT_CFTe

Tanakorn_Koomrampai_CMT_CFTe Updated 

The current price action on XAUUSD suggests that the retracement phase may still be ongoing. Based on Elliott Wave theory, the structure appears to be forming a Zigzag (ZZ) Corrective Wave, a common corrective pattern in the market. Here's a detailed breakdown of the analysis: Wave A and Wave B: Wave A has completed, and Wave B appears to have retraced within the...

Tanakorn_Koomrampai_CMT_CFTe

USDJPY is currently testing a key resistance level at the Neckline of a Head and Shoulders pattern on the H1 timeframe. This level has acted as a strong barrier in recent sessions, and a confirmed breakout could indicate a shift in market structure, leading to a bullish continuation. The price has retraced to key Fibonacci levels, showing potential for an...

Tanakorn_Koomrampai_CMT_CFTe Updated 

EUR/USD back to 1.1 The EUR/USD pair has been displaying a consistent technical structure, with multiple factors aligning to suggest that the price could be heading towards the significant 1.1000 level in the near term. This zone stands out as a key confluence area, supported by both technical and psychological factors. Let’s break down the evidence supporting...

Tanakorn_Koomrampai_CMT_CFTe Updated 

In this setup on GBP/NZD, several bullish confluences align to signal potential upside movement towards the recent highest high. The anchored VWAP provides strong dynamic support, where the price has bounced off after a clear 3-wave corrective structure (ABC). The completion of the (C) wave is highlighted by a powerful bullish engulfing candle, suggesting that the...

Tanakorn_Koomrampai_CMT_CFTe Updated 

In this analysis, I'm highlighting a critical support level in XAU/USD, where the price is reversing and being drawn to the Wave 4 region of the previous impulse wave, according to the Elliott Wave Principle (EWP). This level often acts as a strong support zone, making it a key area to monitor. On higher timeframes, there is a possibility of a Head and Shoulders...

Tanakorn_Koomrampai_CMT_CFTe Updated 

GBP/USD shows signs of exhaustion following a Last Engulfing Top pattern, confirmed by yesterday’s break below the pattern’s low. However, instead of a major reversal, the price appears to be setting up for sideways movement. The recently surpassed resistance, now acting as support, is the key level to watch. The market seems to be consolidating around this area,...

Tanakorn_Koomrampai_CMT_CFTe

In this analysis, we’re diving deep into a possible expanded leading diagonal pattern that could be forming in Bitcoin (BTC/USD), representing Wave A of a larger correction to the downside. . The expanded leading diagonal, characterized by its 5-wave structure (5-3-5-3-5), signals the start of a significant correction. The price action in recent months has been...

Tanakorn_Koomrampai_CMT_CFTe

In this tutorial, we’ll explore the significance of trend lines in technical analysis using a real chart example from XAU/USD (Gold Spot). 1. Understanding Trend Lines: A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. Trend lines are one of the simplest tools in...

Tanakorn_Koomrampai_CMT_CFTe

The USD/THB pair has experienced a notable strengthening of the Thai Baht, which has extended into a pronounced Wave 3, as indicated by the Elliott Wave pattern on the chart. This movement has driven the price down significantly, with the Fibonacci Extension level surpassing the critical 200% mark. This substantial drop suggests that the third wave was...

Tanakorn_Koomrampai_CMT_CFTe Updated 

Zigzag Correction Complete? After a solid wave down in AUD/NZD, it looks like we might be seeing the end of a Zigzag correction. The price has been playing around the corrective channel, and right now, we're seeing some interesting signs that could hint at a reversal. The first thing to notice is that the C to A leg has extended to the 123.6% Fibonacci level,...

Tanakorn_Koomrampai_CMT_CFTe Updated 

Bullish Engulfing at AMA—Could We See a Bounce to 61.8%? After that steep drop in NZD/USD, it looks like the bulls might be waking up. We’ve just spotted a nice bullish engulfing pattern right at the AMA (Adaptive Moving Average), which usually hints that a bounce could be on the way. If you’re into Fibonacci levels, you’ll notice that the 61.8% retracement...

Tanakorn_Koomrampai_CMT_CFTe Updated 

Elliott Wave Analysis on XAU/USD (Gold Spot) . In this 1-hour chart of XAU/USD, we're currently tracking a developing Elliott Wave structure that suggests a potential bullish continuation after completing Wave 4. . Key Observations: 1. Wave Count The chart illustrates a completed 5-wave structure within Wave 3, leading to the beginning of a corrective Wave 4. ...

Tanakorn_Koomrampai_CMT_CFTe Updated 

In this 1-hour chart of Japan 225, a bearish **Last Engulfing Top** pattern has formed, indicating a potential reversal after a bullish run. The engulfing candle suggests that sellers are gaining control, and a short position may be considered if the price continues to decline below the engulfing candle's low. Key Points: - Pattern Identification: The Last...

Tanakorn_Koomrampai_CMT_CFTe

USDJPY H4 Long Attractive RR ratio Price is moving in Zigzag Corrective channel A-B-C as a corrective move from prior impulse leg. . Trade Setup Long : If the price tags the lower channel then bounce back higher than the end of A , TP at Higher Channel. SL: If the price bounces and then comes back to break the Lower Channel.

Tanakorn_Koomrampai_CMT_CFTe

Gold price has just broken out from the corrective channel W-X-Y of Wave 4 of the high degree that had been formed since last quarter. This indicates the Long bias for the price to go higher to the next Wave 5. Next resistance if 1965 if it can break, we would see the TP at 1990 - 2034. My strategy is to buy when the price retrace but not lower than 1920.

Tanakorn_Koomrampai_CMT_CFTe

EURUSD H1 is consolidating in Zigzag A-B-C inside the corrective channel of wave 4. Buyer should wait to confirm the end of wave 4 when price will break the top of channel. The C leg of Zigzag should have 5 waves impulse downward. Which is now I can count only 4. So, there might be another swing down to test the bottom of the channel. Traders who want to short...

Tanakorn_Koomrampai_CMT_CFTe

After the long correction, AUDNZD H4 has broken out from Corrective Channel indicates strong upside trend forward. Target Profit as it will go to high of wave X 1.0935 or next one at 1.10400 the beginning of the correction.

Tanakorn_Koomrampai_CMT_CFTe

1 Elliott Wave The price is in the Corrective Zigzag wave C with the subwave (4) of C Short opportunity when breaks below Friday's low at 1889. If the price goes beyond 1932 then the Long bias to be applied. 2 CFTC Commitments of Traders Smart Money still hold long 3 times than short positions indicates the long bias in mid-term and longer time frame, They...