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.
SET trade ideas
[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!
Thai SET index daily is coming down for the gap of 1680.54.The Thai SET index has been respecting the opened gaps very well in its daily graph. As of 20181009, there are 3 opened gaps at 1680.54, 1629.18, and 1741.96. The one at 1680.54 is about to be closed.
Forex Insight Pro 8.0 can help you find gaps in any graph quickly. Search for it in TradingView.com