INSET | Downtrend Elliott Bullish Flag - Ending DiagonalPrice action and chart pattern trading setup - short term trade
> Downtrend Bullish Elliott Flag - Ending Diagonal Pattern
> Entry @ Pullback EMA10 - 20 zone
> Target @ upper flag resistance zone / SMA50
> Stoploss - the lowest position of wave 3
> RRR: 1.5:1 short term trade
Indicator:
> Smart money volume support
> Banker chip entry signal
> BBD bullish divergence signal golden cross baseline
> KDJ stochastic strong uptrend momentum
Always trade with affordable risk and respect your stoploss
XO | Corrective ZZ - Downtrend Target Wave Projection SMA200WPrice action and chart pattern trading
> update wave analysis target for downtrend at SMA200W - extension 0.786 - 1.0 of wave A
> Long Entry- patiently await for upcoming downtrend line breakout wave ii and iv for reversal confirmation
Always trade with affordable risk and respect your stoploss
ESSO | Symmetrical Triangle Pattern | Pullback Entry SetupPrice Action and chart pattern trading
> Symmetrical triangle pattern with a possible retracement to key support line
> Entry opportunity at PULLBACK
> Target 0.786 - 1.0 Fibonacci
Indicator: RSI and MACD uptrend bullish signal
Risk Ratio 1:2
Always trade with affordable risk and respect your stop loss.
ELong
SCGP and WTZ3 in DowntrendWhile market and most stocks move in downtrend, holding stocks or trading opposite the trend is not strategic idea. I try to pick up stocks moving in the same trend or early downtrend. SCGP is another one to use Surf on the wave technique to trade on the continuous trend. Swing trade setup is also applied for a good entry. Good Luck
CGH | Elliott Wave Projection - Correction ABC Ending?Price action and chart pattern trading
> Elliott Wave projection - uptrend wave 1 - 3 Expanded Leading Diagonal type - wave 4 would overlap wave 1 position.
> Wave 3 extension - LEADING DIAGONAL - 2.0 of wave 1
> corrective ABC - wave A - impulse leading diagonal retraced 0.5 of wave 3
> wave B - zigzag family 0.618 of wave A
> wave C - impulse ending diagonal currently retraced in range of 0.786 - 1.0 of wave A
> Primary Wave 4 is currently in the range and already overlapped Wave 1 coming to the end.
Trading Setup:
> Entry at BREAKOUT downtrend line minor wave ii and iv
> Target wave 1 reversal 0.618 - 0.786 of previous wave B position.
> Stoploss at the lowest of wave C position
> RRR: 3:1 for medium-term trade
Note: The expanding/contracting leading diagonal concept is not Elliott's original work but appears in enough incidents that convince us of its existence and validity.
Always trade with affordable risk and respect your stop-loss.
SET:PROEN LONG. Await clear breakout from consolidation zoneOpportunity to long SET:PROEN . Stock has undergone significant accumulation since IPO. Price is currently in uptrend, above VWAP from IPO. Await a breakout + a surge in volume traded as a trade confirmation. Stock has just been removed from SET surveillance list, allowing for margin accounts to participate in the action -if any ;)
Listed Shares: 316M
Free Float = 25.52% // Shares Free float = 80.64M shares (1,241 minority shareholders)
Total shares traded in range from IPO = ~1,900M shares
Current Market cap @9.20 THB = 2.91B THB (03/05/22)
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
CBG | Leading Diagonal Wave IV Projection CyclePrice 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.
7UP and WTZ27UP 25.04.2022
Trade Setup : WTZ2
Trading Plan : Entry=1.28/Stop=1.18/TP=1.78/RRR=5.0
Calculate and manage your risks well before trading.
7Long






















