SET, make or break levels for Thailand.

6 בדצמ׳ 2023

SET is at a crucial levels. I have pasted the Elliot wave to provide some sense of what the downside could look like. However, on monthly it is in the retracement phase inside the FVG on monthly time frame. If SET closes positive by a slight margin on monthly then momentum can re-enter the market and the current trend line can act as support. Personally, I am bullish on Thailand but it is important to not take into account emotions when trading, I am just acting upon the data. Thailand is a very exciting market right now and I have been keeping close attention. Let’s see where this journey leads to. If it breaks this level then we can see a downside.