Set: Thailand forecastingSet is going down to new low but should take around 3 months before doing that. This is just my idea. Let ‘s see what gonna happen.
SET trade ideas
SET 2020 outlook, go Long until OctoberAfter SET broke out north of the bearish wedge, I have revalued my earlier future strategy and predicted where SET will top this “going-to-the-stars” run, it will be around 1730 – 1800. Would also predict this will occur in or around November, December +/- 1 month.
So if my predictions are correct then follow the trend and continue to be on the buyer's side, at least until October or so. Then it will be (according to my prediction) time for investors start to realize, what has been built, is only a sand castle on the beach. And the tide has now changed —the second— wave is coming, it will demolish what has been built since late March. And we (read: buyers) have to wait until the tides change again, before reconstructing our castle and will hopefully stay a bit further away from the ocean so the tides won't demolish it again.
SET - long-term positive trendSET index has finished a corrective 3-wave intermediate pattern that retraced around 50% and reached the fourth wave level of two lower degrees, which is a typical end of corrections. It is now finishing to trace intermediate wave 1 or A. We may see a smaller correction that should end at 1,200 - 1,250 range before the uptrend continues. FOLLOW SKYLINEPRO TO GET UPDATES.
My future thoughts of where SET is headingWe are currently in a bearish wedge, which normally is followed by a run down south. Although, the times it occurs in the opposite direction it is often a very strong and powerful run up north.
I am bearish, due to the fact of the wedge and the falling resistance, from July 2019. And also that we have consolidated for about a month, by the "covid-panic-island" and the resistance will be by the Evening Star, with two strong gaps, I have hard time seeing that SET will have the power to move much further up north, away from that area.
I have to say; these are interesting times.
Set is about to be at the U turn point?Fibonacci retracement at 38.2% is typical bear market bouncing.
My Viewpoint of SET on June 2020Set runs to 50% fibo resistance, if passed, will hit an important resistance at 1514, which will not pass follow dow theory
Daily Set IdeaSet Situation can't break out 1300
have down trend to
Support#1 ; 1285
If today can't close over 1285, Maybe have down trend to meet previous low@1257
Support#2 ; 1257
Thailand Set Index Short Entry: 14:04:31 (UTC) Wed May 13, 2020Thailand Set Index Short Entry
14:04:31 (UTC) Wed May 13, 2020
SET Super cycle - Wave BSET might slowly/silently recover from the lowest point of wave A before go back to find the bottom in the next couple of years.
Set Daily IdeaSet Situation ; SET still not lower than BB (Average), Should to rebound to Resistance 1285
Resistance ; 1285
Support ; 1210
SET.MONTH another ideaLinear scale > Fibonacci retracement > 1.618
I don't know about you but I find this interesting...
Set Index Non-standard CorrectionSet index in my perspective, During last e-wave of Triangle in Non Standard Correction (Large X wave)
FLAT + ZIGZAG + TRIANGLE
Pls share your Comment. ^_^
SET in correction.After SET hits resistance at 38.2 then meaking correction but still in the uptrend channel . We expect SET will be moving down to the support level then bounce back again.
