SET NEARLY FINISH WAVE 3Be careful and keep your eyes closely on in "Red box"
It may finish wave 3 then down to make wave 4
but for long-term will be made "new high" on wave 5 ( may take 12-24 months)
SET trade ideas
Thailand : Recover from Covid-19 and Spike of Inflationas Thai government expected to announce to end of covid-19 pandemic and hope that the tourist around the world will visit Thailand after post-pandemic.
unfortunately, it is probably not going as planned when Russia invaded Ukraine which triggerred sanction from many countries around the world.
the war throw the oil price to the moon, as well as other comodities and the inflation rising up.
the recovery is seam to be as expected.
this chart will show how invest in this circumstance since history may repeat itself.
i will update again after the FOMC meeting, hopefully the interest rate of US would not higher that expected.
SETINDEX Market Cycle Analysis1.According to the chart, Standard Deviation Channel fits very well in giving us a geometry of the market structure.
2.Incorporating EW with timeseries dominant cycle, the uptrend cycles are lasting around 425 weeks before the correction occur which takes 60 and 120 weeks as an harmonic cycle.
3.EMA50/200 Golden Cross and Death Cross does confirm the impulse and corrective wave count. If this primary cycle of EW is correct, we are currently in a 5th wave of the whole cycle since late 1998. The next Death cross would be very crucial for this hypothesis as it might be a leading indication that the last impulse has ended before the invalidation level is broken.
This chart analysis is merely focused on giving you a sense of a macro-picture of SET INDEX...
Well a bit for a short term tips from this chart is that the 50 EMA seems to be important here as it keeps rejecting the seller for months even during this week as well.
Hope you have a great day!
How low grandfather can go? SET index been dropping -40, -50..-- 2 days in a row (half of covid panic)
How low the grandfather "SET" can go?
Everything is on the chart...
i wrote a lot about it in the past... so not gonna type anything much
Trade safe n fun
No financial advice
SET INDEX ( 5 WAVE END? )The Thai stock market may go down if wave 5 ends. SET INDEX ( 5 WAVE END? )
SET Index on the M15 time-frameSET Index on the M15 time-frame
Once the price created double top pattern with a divergence and then reversal pattern.
The price still running downtrend by creating lower high and lower low.
Bearish Divergence Found on SET01/14/22
Close price 13/01/22 at 16
SET expose to Bearish Divergence On
Time Frame Daily
Fib level 0.236 (-1.66%)
1,655
fundamental: nothing significant
SET INDEXI just wanna publish this and be back in future to replay it
...it's fun for me LOL
I can't imagine what crisis should it be next if SET is really form the rising wedge pattern?
lemme know ur opinion <3
.
P.S. I quit stock market after entering crypto market.
SET is testing EMA50 (again)SET had bounced at EMA50 for twice already, now getting closer to EMA50 again, let's pray it could make another big rebound.
Note: let's say if it could make a green stop candle at EMA50 first to expect for the mentioned above.
SET INDEXFrom the last 10 years prior, at the lowest point, the SET index steadily increased. There is a chance for the SET index to hits 1700 or continuously decrease significantly to 1100-1200 ( due to the big change of political ) this is the best time to enter and SET will grow dramatically.
SETTrend Analysis : Down Trend
SET is going down and closing at 1521.92
Next week, The significant index is around 1501.02
SET downtrend startedFinally, we have confirmation on SET going downtrend as you can see from the chart.
SET monthly chartEMA 12&26 bullish signal.
Price is at the downtrend upper channel.
Sto is OB and bearish signal.
Bias short.
Wait for the price to retrace at the lower uptrend channel line.
SET Stock Exchange of ThailandThe Stock Exchange of Thailand is ready to make a last bounce followed by long period of Depression.
The post covid happiness will create a Fomo in Multiples international Indexes with a fake return of Tourism, Medias and Televisions will speak about we are returning to the normality, but this will be a short term joy stage.
Peoples will need some fresh air, they will move overseas for holidays, but the reality is their lack of money will make them spend less and back home faster, they will have to work harder and for years to refill their wallets decently.
The money printer stimulus will generate more taxes out from nowhere in most parts of the World, a new inflation system will come to knock medium and poor peoples doors.
Happy Tr4Ding!
SETs week candle closed above the support and resistance
Even if the week held above support and resistance, it ended with an evening star pattern in day and heading to TF 115 min, the week ended with a shaved bottom candle.
So all in all, next week its up to the matadors to get the bulls moving, because the bears is starting to waking up from their hibernation.
Will SET be strong enough???In the weekly graph we can see that the last 2 months Lower Highs has followed the declining resistance since ATHs, +3 years ago. Will this week have the strength piercing both the short term and the long term declining resistance???
