The previous time with so many Down Setup was from 11 Jun 20 to 30 Oct 20 which STI consolidated for about 6 months.
This might be another 3 1/2 months of consolidation as now is only about 2 1/2 months.
07 Apr 21 - Down Setups
30 Apr 21 - Down Setups
05 May 21 - Up Setups
10 May 21 - Down Setups
28 May 21 - Down Setups
16 Jun 21 - Down Setups
Possible target for STI might be around 2800-2900 as market like to drop around mid-point of the previous uptrend.
3000-3100 is the current strong hold which is the important first support.
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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