dukeposh

JMART | Wave Projection | Target Downtrend Reversal Breakout

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dukeposh Atualizado   
SET:JMART   JAYMART GROUP HOLDINGS PC
Price action and chart pattern trading setup
> Contracting Wave Channel pattern with downtrend target around the corner.
> Entry @ minor downtrend channel in daily timeframe breakout above SMA200
> TP1 @ wave (3) position
> TP2 @ wave (5) III position for medium term
> Stoploss @ SMA200 downside -9% RRR: 2:1

Indicators signals not shown here:
> Smart money volume support
> Banker chip entry signal
Trade fechado: stop atingido:
200 day support totally failed and now challenging its 200 week support at 0.618 retracement - could be further decline to its previous major 1-wave support 20 baht zone:

Aviso legal

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