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BANPU (TH) - Elliot Wave Analysis

Long
SET:BANPU   BANPU PUBLIC COMPANY LIMITED
- On the weekly chart, you can see that there is a CYCLE zigzag truncate pattern. According to Glen Neely, this pattern has a minimum target of an 81% retracement @45.5.
- On the daily chart , there are two likely scenario that could occur:
1. Primary wave has already completed and we are approaching Primary wave .
2. Primary wave might not be completed: we might be in an Intermediate wave(B) of the primary wave.