SET trade ideas
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???
