non standard correction Two examples 1.Double Combination & Triple Combination to wave B
non standard correction Sub Wave B But can't Less than to 1537 of X-wave 2 Correction.
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. Forex Insight Pro 8.0 can help you find gaps in any graph quickly. Search for it in TradingView.com
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).
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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.
I am new to wave analysis, please don't hesitate to give me your comment.
I am new with wave analysis, please don't hesitate to comment me.
SEP, 2018...May down to 1,660 or 1,640 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.