suphaveerk

BAY (TH) - ELLIOT WAVE ANALYSIS

Long
SET:BAY   BANK OF AYUDHYA PUBLIC COMPANY LIMITED
- We can easily spotted a Zigzag correction on the chart - Intermediate (A)(B)(C)
- Intermediate (C) seems to be a 5th wave failure pattern, where price should retrace back to at least 100% of the whole wave (@51)
- TP no.2 is set at @71 - 61% retracement of the Intermediate Zigzag pattern.
- There is a possibility that we can see a new high in this bull run, but at this moment things remain uncertain.