PTTGC | Wave Projection | Complex Inversed Head&Shoulders
Price action and chart pattern trading setup
> Global pattern bullish complex inversed head & shoulders pattern breakout
> Local bull flag breakout EMA200 dynamic resistance with strong bullish candle - a possible ABC bullish wave targeting new wave 1
> Support pullback entry level : EMA200 zone
> Target 2X bull flag pattern @ 0.786 - 1.272 fibonanci extension +15% upside
> Stoploss @ lower bull flag support B wave zone -7%
> Risk reward ratio: 2:1
Always trade with affordable risk and respect your stoploss
> Global pattern bullish complex inversed head & shoulders pattern breakout
> Local bull flag breakout EMA200 dynamic resistance with strong bullish candle - a possible ABC bullish wave targeting new wave 1
> Support pullback entry level : EMA200 zone
> Target 2X bull flag pattern @ 0.786 - 1.272 fibonanci extension +15% upside
> Stoploss @ lower bull flag support B wave zone -7%
> Risk reward ratio: 2:1
Always trade with affordable risk and respect your stoploss
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Hit the first target - the overall correction pattern seems to be a complex 5 wave down or wxyz 3 set of ABC diagonal correction