Will the SET saga make a decision, in the coming week, to where
Hope all has been able to cut your Long trades, while still with profit!
As SET shows the bears has taken over at lower and lower prices, even though it took a bit longer than I anticipated SET turned by the falling resistance. So what is interesting now, is if we get the “buy the dip” opportunity I was looking for in my last published analysis.
As we’re getting closer to the end of the triangle looking pattern, a breakout to the north from here will be strong…that is if the sentiment changes and continues to follow the trading psychology. So, if you’re a risk-taker, look for the Bulls to show themselves in a lower timeframe, tomorrow or the next coming days, in and around the support. While I will wait for SET to breakout north of the falling resistance, before doing enything and would love to see it retested the support-resistance from above before leaving it to go up nooorth!
As I feel that my luck has been good to me, until this point, I have made the decision to step aside until I feel the market is in a clear obvious phase. If this is a breather in the longer 2nd phase or if it's in the 3rd phase and the bearish 4th phase is waiting, is too early to say! So I will wait and see if the market will go bullish through the “covid earnings” or not. And setup my Long trades thereafter.
As SET shows the bears has taken over at lower and lower prices, even though it took a bit longer than I anticipated SET turned by the falling resistance. So what is interesting now, is if we get the “buy the dip” opportunity I was looking for in my last published analysis.
As we’re getting closer to the end of the triangle looking pattern, a breakout to the north from here will be strong…that is if the sentiment changes and continues to follow the trading psychology. So, if you’re a risk-taker, look for the Bulls to show themselves in a lower timeframe, tomorrow or the next coming days, in and around the support. While I will wait for SET to breakout north of the falling resistance, before doing enything and would love to see it retested the support-resistance from above before leaving it to go up nooorth!
As I feel that my luck has been good to me, until this point, I have made the decision to step aside until I feel the market is in a clear obvious phase. If this is a breather in the longer 2nd phase or if it's in the 3rd phase and the bearish 4th phase is waiting, is too early to say! So I will wait and see if the market will go bullish through the “covid earnings” or not. And setup my Long trades thereafter.