Price action and chart pattern trading setup - Entry at descending triangle breakout
> Wave Projection based on the weekly timeframe - the leading diagonal wave IV zigzag family is in the range 0.382-0.5 retracement of W.III slightly overlapped W.I
> Wave III extended 1.618 of W.I exactly and W.V is estimated at 1.618 - 2.0 of W.IV at 192 - 215 baht.
> 1st target medium term trade target at 0.786 - 1.0 retracement of W.III +30% upside
> Stoploss at the lowest point of W.IV - downside -12%
> Risk reward ratio 2.5:1
The contracting/expanding diagonal concept is not Elliott's original work but with enough incidence today, some of us are convinced of its validity.
> Wave Projection based on the weekly timeframe - the leading diagonal wave IV zigzag family is in the range 0.382-0.5 retracement of W.III slightly overlapped W.I
> Wave III extended 1.618 of W.I exactly and W.V is estimated at 1.618 - 2.0 of W.IV at 192 - 215 baht.
> 1st target medium term trade target at 0.786 - 1.0 retracement of W.III +30% upside
> Stoploss at the lowest point of W.IV - downside -12%
> Risk reward ratio 2.5:1
The contracting/expanding diagonal concept is not Elliott's original work but with enough incidence today, some of us are convinced of its validity.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.