Hi all,
This SET index finally got pulled back to 1530, and even broke down.
The situation becomes moment of truth for long position or biased long.
If you look into the timeframe day, it is already bad and 1515 is coming soon.
But if you investigate into smaller timeframe, you will see that this level of close today,
can also be the last line of defense for long position.
So, you should be well-prepared if tomorrow or this week dropped further below this 1525, the upward momentum will be gone and entered no direction stage + negative momentum again.
Best of luck,
TraderApprenticePP
QuanTechTraderPP
This SET index finally got pulled back to 1530, and even broke down.
The situation becomes moment of truth for long position or biased long.
If you look into the timeframe day, it is already bad and 1515 is coming soon.
But if you investigate into smaller timeframe, you will see that this level of close today,
can also be the last line of defense for long position.
So, you should be well-prepared if tomorrow or this week dropped further below this 1525, the upward momentum will be gone and entered no direction stage + negative momentum again.
Best of luck,
TraderApprenticePP
QuanTechTraderPP
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.