The Thai SET index has been respecting the opened gaps very well in its daily graph. As of 20181009, there are 3 opened gaps at 1680.54, 1629.18, and 1741.96. The one at 1680.54 is about to be closed.
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The SET index went up above 1750 to ~1760 but then closed below 1750 on the same day. This 1750 is significant as it is the current 61.8% fibonacci retracement on the downtrend pattern.
Daily chart now showing a doji price action and assuming the current rebound from 1600 is a B wave, I am expecting a sell-off for today (the 20th Sep).
When SET choose their way to BREAK UP! We will seek up for NEXT RESISTANT ZONE.
The next resistance maybe T1-1,750 or T2-1,794 via fibonacci clustering.
Hi guys,
I think Thai SET Index is forming the ascending triangle pattern, which I think might move in the side way for awhile before breaking out.
Please let me know what you think.
Note: This is just my personal opinion, not a financial advise.
![SET: SET, Stock Exchange of Thailand [Sep, 2018]](https://s3.tradingview.com/q/q9aXltHo_mid.png "SET, Stock Exchange of Thailand [Sep, 2018]")
