SET's next Big resistance .... or will it turn into a support :)
As SET has been unable to go past north of the falling channel resistance. Be ready for more on the downside. I am still waiting for a long-term signal to open up any Long trades. Am now waiting for the 1250 to have its saying, although do not believe it will hold.
If SET doesn't manage to keep from going through the long-term support and resistance, with force....i.e. no false breakout.... then I think it will hit the bottom of the channel, will see if it does that before 1200 support has said what it want to say/
Since 1250 has several times before managed to turn the psychology of SET, I am open for everything BUT as long as, the trend points down south, that's in the direction I will Put and Short my trades.
Happy trading all! And never forget your stop-loss!
If SET doesn't manage to keep from going through the long-term support and resistance, with force....i.e. no false breakout.... then I think it will hit the bottom of the channel, will see if it does that before 1200 support has said what it want to say/
Since 1250 has several times before managed to turn the psychology of SET, I am open for everything BUT as long as, the trend points down south, that's in the direction I will Put and Short my trades.
Happy trading all! And never forget your stop-loss!