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...
as 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...
my 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...
1.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...
SET index been dropping -40, -50..-- 2 days in a row (half of covid panic)
How low the grandfather "SET" can go?
Everything is on the chart...
i wrote a lot about it in the past... so not gonna type anything much
Trade safe n fun
No financial advice
SET Index on the M15 time-frame
Once the price created double top pattern with a divergence and then reversal pattern.
The price still running downtrend by creating lower high and lower low.
01/14/22
Close price 13/01/22 at 16
SET expose to Bearish Divergence On
Time Frame Daily
Fib level 0.236 (-1.66%)
1,655
fundamental: nothing significant
Be careful and keep your eyes closely on in "Red box"
It may finish wave 3 then down to make wave 4
but for long-term will be made "new high" on wave 5 ( may take 12-24 months)
I just wanna publish this and be back in future to replay it
...it's fun for me LOL
I can't imagine what crisis should it be next if SET is really form the rising wedge pattern?
lemme know ur opinion <3
.
P.S. I quit stock market after entering crypto market.
SET had bounced at EMA50 for twice already, now getting closer to EMA50 again, let's pray it could make another big rebound.
Note: let's say if it could make a green stop candle at EMA50 first to expect for the mentioned above.
