SET trade ideas
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.
SET index on the 1H time-frameSET index on the 1H time-frame.
Steps:
1. The price hit the resistance line and closed to Fibonacci level 261.8% then throw back to the support line at 1553 to 1560
2. If the price breakout 1553 then will be running to 1529 first.
3. If the price can not breakout the support line then it still keep running an uptrend.
SET index on the 1H time-frameSET index on the 1H time-frame.
Steps:
1. The price hit the resistance line and closed to Fibonacci level 261.8% then throw back to be created the higher low and still confirm an uptrend.
2. If the price breakout the previous low at 1555 then will be reversal pattern.
3. Keep waiting for take an action.