2 June 2026
A 61.8 pullback in the Bangkok morning
Several students watch the first hour after markets that matter to Bangkok are active, then come to class with that hour printed. The page is short enough to review the same evening. That is why the morning shows up so often on our table, not because the morning has a special ratio.
A 61.8 pullback, as we use the phrase, means price has retraced about 61.8 percent of an agreed swing and the candle in question has closed, not merely wicked, into that area. The wick is noted. The close is what we argue about. A wick through 61.8 that closes back above a shallow level is a different picture from a close that sits on the ratio.
In May a student printed a SET share’s morning. The swing was the prior afternoon’s rally, which she could describe without looking at the sheet. The morning sold off and the 10:15 candle closed on the 61.8 line of that rally. She wanted a name for the event. We would not give it a buy or sell name. We had her write four things in the margin: the swing sentence, the ratio, the time of the close, and what the next candle did. The next candle drifted. The note stayed dull on purpose.
Dull notes are the point. A vivid note — “perfect bounce” — hides whether the swing was any good. The margin we prefer can be read a month later by someone who was not in the room.
Students on night shifts often miss that morning hour and bring the evening instead. The method does not change. A 61.8 close at 20:40 is the same kind of observation as one at 10:15. What changes is only which session they can actually sit with.
If the swing cannot be stated, we do not discuss the 61.8 line at all. The ratio is not a reward for arriving with a printout.