FORTH | Elliott Wave Correction | Breakout or Fakeout?

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FORTH CORPORATION PUBLIC CO LTD (SET:FORTH)

SET:FORTH FORTH CORPORATION PUBLIC CO LTD

trendanalysis chartpattern waveanalysis setindex priceaction elliotwaveanalysis elliottwaveprojection

Price action and chart pattern trading setup
> A possible strong rising uptrend 4 Wave correction making a false breakout at EMA200D
> Wait and see at EMA200 retest confirmation
> Entry: EMA200D breakdown
> Target 5 wave correction of A-wave at EMA200 week -40% downside
> RRR: 3:1

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