SET trade ideas
SET TFDAY, rebound briefly before fall again.
Hammer pattern in Tfday on the exact support level(and also EMA200) hints that it will probably be a short-term bottom and bounce back to resistance level at 1692 and test 1700. (which is a tough one since it's a resistance level with a round number)
But the island reversal told us that there's a potential change coming on a way.
So SET might bounce back to retest a resistance level as a courtesy of the hammer and then decline again as a favor of Island top.
ASCENDING TRIANGLE PATTERN BREAKOUT* ASCENDING TRIANGLE PATTERN
* LOOKING SOME PULLBACK BEFORE GOING ANY HIGHER.
* UPTREND
[SET INDEX TH] possible drops more in coming weeksWe can see LH and LL printing on the weekly chart.
There is also a lot of uncertainty about the election result.
Possible drop to the previous support zone (~1550)
If this zone breaks, very likely to send us to ~1500 and bounce there.
Going back above 1680 will invalidate this.
Good luck trading!
Stay safe!
Positive Momentum for SET Indexalso an obvious fund inflow after Thailand got new PM and resume democracy.
non standard correctionnon standard correction Two examples 1.Double Combination & Triple Combination to wave B
Prediction non standard correction Sub Wave B non standard correction Sub Wave B
But can't Less than to 1537 of X-wave 2 Correction.
