SET INDEX : GLOBAL VIEW (UPDATED) I'm gonna put less of personal thoughts but just
Some facts :
1. SP500 Rebound , SET will be followed but see price action again at resistance
2. It broke down support...confirmed with weekly full candle (Usually going to retest lower one)
3. MACD is about to cross down... See earlier what happened when it crossed down
But it isn't crossed down yet...(can trick n just go up like any tricky crypto coins)
.
That's all i wanna put here..
I will stop stocks because i can only focus one thing which I chose Crypto,,
My forever love crypto :P
Good luck!!
SET trade ideas
SET weekly: chart patterns May 22 - Jan 23my wild guess, if bearish, it will be :
combinations of 5 factors
1. fib ext. at 1.0 aim
2. bearish trendlines (3 points support)
3. last clear support price
4. MCDX shows that whales are leaving (takes time to come back)
5. time channel (1:1) shows many fine mapped points (1 time zone = 8 months period)
so it could be fun this year.
:P
--note--
for edu purpose only, not financial advice
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!