Here is a bearish view at SET. And how that could be played.

Those who believe SET has entered phase 4, then the direction is down south. I am ready to follow the pennant flag pattern, with a target of 1230-ish, and that number coincides with the bottom of, what I call, the "covid-panic-island" which should offer some suppport so could be a good place to lock in some profits.

Giao dịch đang hoạt động:

Trade triggered well, even though SET stopped at and gapped up from the long-term support and resistance (1315 area), I still feel confident in this bearish trade and that the parabolic run will at least fall back and test FIB.50 (at the target area). I will wait until it has cleared 1315, before I move my stop-loss to protect my trade.