Even though, my primary target has been to go much further down south to close gaps SET has left behind, since the March lows. I have stated to question this, at least for the near term trend but as the wave count says, when the correction is finished with, only the future knows in which direction it will take
The 3rd wave goes up to 21 of May and the 4th just after that.
And how I learnt to count wave is, all bigger 5 wave counts has often/always a wave count within each wave.
Anyway, thanks for your input.
Looking at SET in a much bigger –long-term— picture, I believe that after SET reached its ATH in Feb. 2018, and the correction thereafter, it created a new wave structure. As the structure isn't as clear to me, I have chosen not to base my trades on the long-term wave count.
What I can't decide over, in the long-term wave count, is; either the March low was wave 3 ending or if it was a very big wave 5. If it were the latter, then what I drew in this analysis would’ve been wave 1 (probably wave 2 that we are in now, or have just left).
That's what I most appreciate with stock trading and technical analysis, everyone can do their best in trying to read the market, but only the future sits with the answer. Good luck!