Chaloke short-term projectionCurrently, SET is in wave-A that should bottom out around 900-950 point. For wave-C, it should form a bit higher than wave-A and it should form higher than wave 1.
However, it also has a small possibility to break this zone. It means it might go down to the last 2008 crisis low (around 400).
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SET trade ideas
Are we in the impulse wave or corrective wave since It's begun?Sometime Elliott wave principle couldn't explain the characteristic of wave which occurs on the price chart, because price movement behaves like impulse wave but not as the wave principle applied rules. This is why Glenn Neely has the explanation in this behavior in his NeoWave Theory. Neither Small X wave nor Large X wave those never been told in The elliott wave principle.