BBGI | Wave Projection | Upcoming Inverse Head & Shoulders
Price action and chart pattern trading setup:
> Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders
> Entry @ breakout neckline
> Target @ approximately the height of the head 9 baht
> Stoploss @ upcoming right shoulder minor 5-wave
> Risk reward ratio: 2:1 with downside -6%
Indicator:
> RSI +50 cross MA and MACD bullish divergence
Always trade with affordable risk and respect your stoploss
> Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders
> Entry @ breakout neckline
> Target @ approximately the height of the head 9 baht
> Stoploss @ upcoming right shoulder minor 5-wave
> Risk reward ratio: 2:1 with downside -6%
Indicator:
> RSI +50 cross MA and MACD bullish divergence
Always trade with affordable risk and respect your stoploss