SET · Utilities · Weekly analysis

GTVWave & cycle analysis

Green Tech Ventures Public Company Limited

Latest close THB 0.04 Week ending 9 Oct 2026 History 276 weeks

Current reading

A rebound is being tested

The wave pattern treats the recent rise as a rebound within a larger decline. A fresh fall is still something to confirm.

39/100 Setup score 100/100 Data quality Watching Setup status

A setup score is a measure of fit, not a probability or price forecast.

How to use this report

Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.

Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.

Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.

01 · Price & key levels

The pattern and the prices to watch

Selected wave countBearish A/B/C rebound may be completing

A, B and C label a three-part correction. The outlined last point is still forming.

Other readingsThe other readings point the other way

7 of 7 available readings lean against the downward wave interpretation; 0 support it. The pattern and current market behaviour do not yet agree.

Main uncertaintyModerate count stability

The leading count changed 3 times across the last 9 checks. Keep the alternative interpretations in view.

Weekly price and wave pattern

Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.

Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern

The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.

Weekly chart values

Prices in THB · the history displayed on the chart
Week ending	Close	30-week trend	Fair Value
2023-10-20	0.18	0.2147	0.297
2023-10-27	0.18	0.212	0.2971
2023-11-03	0.18	0.2097	0.297
2023-11-10	0.17	0.2063	0.297
2023-11-17	0.17	0.2033	0.2971
2023-11-24	0.18	0.2003	0.297
2023-12-01	0.18	0.1977	0.2967
2023-12-08	0.20	0.1963	0.2966
2023-12-15	0.20	0.195	0.2965
2023-12-22	0.18	0.1933	0.2963
2023-12-29	0.19	0.1917	0.2962
2024-01-05	0.21	0.1907	0.2962
2024-01-12	0.20	0.1907	0.2958
2024-01-19	0.20	0.1907	0.2956
2024-01-26	0.18	0.1903	0.2953
2024-02-02	0.18	0.19	0.295
2024-02-09	0.19	0.1897	0.2947
2024-02-16	0.18	0.189	0.2945
2024-02-23	0.18	0.1887	0.2943
2024-03-01	0.17	0.188	0.294
2024-03-08	0.14	0.1867	0.2935
2024-03-15	0.14	0.1853	0.2929
2024-03-22	0.14	0.183	0.2919
2024-03-29	0.15	0.1807	0.2911
2024-04-05	0.15	0.179	0.2904
2024-04-12	0.16	0.178	0.2897
2024-04-19	0.16	0.177	0.2887
2024-04-26	0.14	0.1753	0.2875
2024-05-03	0.13	0.1733	0.2861
2024-05-10	0.13	0.1713	0.285
2024-05-17	0.14	0.17	0.2838
2024-05-24	0.14	0.1687	0.2826
2024-05-31	0.14	0.1673	0.2814
2024-06-07	0.13	0.166	0.2798
2024-06-14	0.13	0.1647	0.2782
2024-06-21	0.12	0.1627	0.2765
2024-06-28	0.13	0.161	0.2752
2024-07-05	0.13	0.1587	0.274
2024-07-12	0.13	0.1563	0.2723
2024-07-19	0.13	0.1547	0.2705
2024-07-26	0.12	0.1523	0.2689
2024-08-02	0.12	0.1493	0.2672
2024-08-09	0.12	0.1467	0.2656
2024-08-16	0.09	0.143	0.2641
2024-08-23	0.08	0.1397	0.2624
2024-08-30	0.09	0.1367	0.2607
2024-09-06	0.10	0.1337	0.2589
2024-09-13	0.11	0.1313	0.2572
2024-09-20	0.11	0.129	0.2555
2024-09-27	0.15	0.1283	0.2541
2024-10-04	0.13	0.128	0.2527
2024-10-11	0.11	0.127	0.2511
2024-10-18	0.12	0.1263	0.2495
2024-10-25	0.11	0.125	0.2479
2024-11-01	0.13	0.1243	0.2465
2024-11-08	0.13	0.1233	0.245
2024-11-15	0.13	0.1223	0.2436
2024-11-22	0.13	0.122	0.2423
2024-11-29	0.12	0.1217	0.2409
2024-12-06	0.13	0.1217	0.2396
2024-12-13	0.12	0.121	0.2381
2024-12-20	0.12	0.1203	0.2367
2024-12-27	0.14	0.1203	0.2353
2025-01-03	0.15	0.121	0.2337
2025-01-10	0.14	0.1213	0.2322
2025-01-17	0.14	0.122	0.2308
2025-01-24	0.13	0.122	0.2293
2025-01-31	0.12	0.1217	0.2278
2025-02-07	0.12	0.1213	0.2256
2025-02-14	0.11	0.1207	0.2219
2025-02-21	0.11	0.1203	0.2189
2025-02-28	0.10	0.1197	0.2159
2025-03-07	0.08	0.1183	0.2126
2025-03-14	0.08	0.118	0.2092
2025-03-21	0.09	0.1183	0.206
2025-03-28	0.08	0.118	0.2029
2025-04-04	0.07	0.117	0.1998
2025-04-11	0.07	0.1157	0.1967
2025-04-18	0.07	0.1143	0.1933
2025-04-25	0.10	0.1127	0.1904
2025-05-02	0.10	0.1117	0.1877
2025-05-09	0.09	0.111	0.1856
2025-05-16	0.11	0.1107	0.1836
2025-05-23	0.09	0.11	0.1814
2025-05-30	0.08	0.1083	0.1792
2025-06-06	0.08	0.1067	0.1772
2025-06-13	0.09	0.1053	0.1758
2025-06-20	0.09	0.104	0.1745
2025-06-27	0.08	0.1027	0.1731
2025-07-04	0.08	0.101	0.1719
2025-07-11	0.09	0.10	0.1708
2025-07-18	0.10	0.0993	0.1697
2025-07-25	0.08	0.0973	0.1685
2025-08-01	0.09	0.0953	0.1674
2025-08-08	0.08	0.0933	0.1662
2025-08-15	0.09	0.0917	0.165
2025-08-22	0.09	0.0903	0.1638
2025-08-29	0.08	0.089	0.1626
2025-09-05	0.09	0.088	0.1615
2025-09-12	0.08	0.087	0.1603
2025-09-19	0.09	0.0863	0.1592
2025-09-26	0.08	0.0857	0.1582
2025-10-03	0.07	0.0853	0.1571
2025-10-10	0.06	0.0847	0.1561
2025-10-17	0.06	0.0837	0.155
2025-10-24	0.05	0.0827	0.1538
2025-10-31	0.05	0.082	0.1526
2025-11-07	0.05	0.0813	0.1515
2025-11-14	0.04	0.0803	0.1503
2025-11-21	0.04	0.0783	0.1492
2025-11-28	0.04	0.0763	0.1483
2025-12-05	0.05	0.075	0.1474
2025-12-12	0.04	0.0727	0.1463
2025-12-19	0.04	0.071	0.1453
2025-12-26	0.03	0.0693	0.1442
2026-01-02	0.03	0.0677	0.1431
2026-01-09	0.04	0.066	0.1419
2026-01-16	0.04	0.0643	0.1405
2026-01-23	0.03	0.0627	0.1392
2026-01-30	0.04	0.0613	0.1378
2026-02-06	0.04	0.0597	0.1365
2026-02-13	0.04	0.0577	0.1353
2026-02-20	0.04	0.0563	0.134
2026-02-27	0.05	0.055	0.133
2026-03-06	0.04	0.0537	0.132
2026-03-13	0.03	0.0517	0.1308
2026-03-20	0.04	0.05	0.1295
2026-03-27	0.03	0.0483	0.128
2026-04-03	0.03	0.0463	0.1266
2026-04-10	0.03	0.0447	0.1251
2026-04-17	0.03	0.0427	0.1236
2026-04-24	0.03	0.041	0.1221
2026-05-01	0.03	0.0397	0.1206
2026-05-08	0.03	0.0387	0.1192
2026-05-15	0.03	0.0377	0.1179
2026-05-22	0.02	0.0367	0.1165
2026-05-29	0.03	0.036	0.1152
2026-06-05	0.03	0.0353	0.1138
2026-06-12	0.03	0.035	0.1128
2026-06-19	0.03	0.0347	0.1117
2026-06-26	0.03	0.0343	0.1106
2026-07-03	0.03	0.0337	0.1096
2026-07-10	0.02	0.033	0.1085
2026-07-17	0.03	0.0327	0.1074
2026-07-24	0.03	0.0327	0.1063
2026-07-31	0.03	0.0327	0.1053
2026-08-07	0.03	0.0323	0.1044
2026-08-14	0.03	0.032	0.1034
2026-08-21	0.03	0.032	0.1022
2026-08-28	0.03	0.0317	0.101
2026-09-04	0.04	0.0317	0.10
2026-09-11	0.03	0.0313	0.099
2026-09-18	0.03	0.031	0.0979
2026-09-25	0.03	0.0303	0.0969
2026-10-02	0.04	0.0303	0.096
2026-10-09	0.04	0.0307	0.095

What to watch next

Weekly closing levels

Read these with the wave count, not as automatic trade instructions.

Supports the wave viewBelow THB 0.03 -25.0% from the latest close

A weekly close beyond this level would support the selected direction. Check the other readings too.

Changes the wave viewAbove THB 0.04 0.0% from the latest close · Forming

This is the forming swing’s current endpoint. It can move as the swing extends; it is not a fixed stop price.

Earlier confirmed swing THB 0.05

A separate, confirmed price reference for the wider structure. It is not the current count’s failure level.

Confirmed 2026-02-27

Check the wave count and alternatives ↓

4-week return 33.3%

13-week return 100.0%

26-week return 33.3%

52-week return -33.3%

From 52-week high -42.9%

26-week volatility 140.4%

Scenario playbook

What would strengthen—or change—the view?

Start with the price condition. Then check the supporting evidence and the alternative count.

Direction holds

Wait for price confirmation

Below THB 0.03

The count needs a weekly close beyond this reference, with supporting price and cycle evidence.

No decision yet

Timing arrives; price does not turn

A projected window can pass without a reversal. Keep the count provisional if price has not confirmed; review the alternative count and the longer cycle.

Count fails

Know what changes the view

Above THB 0.04

This is a forming correction endpoint and can move. Use the earlier confirmed swings for wider context.

Does the interpretation survive a different swing size?

3 of 3 available degrees share the leading direction. These are different views of the same price series.

Strategic · 24.0% reversalBearish A/B/C rebound may be completing

67/100 pattern fit · agrees with leading direction

Primary · 16.0% reversalBearish A/B/C rebound may be completing

67/100 pattern fit · agrees with leading direction

Tactical · 11.2% reversalBearish A/B/C rebound may be completing

67/100 pattern fit · agrees with leading direction

02 · Wave count

How the wave count fits

The chart uses a 16.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

Bearish A/B/C rebound may be completingPrimary swing size · Leading33%

Bearish A/B/C rebound may be completingStrategic swing size33%

Bearish A/B/C rebound may be completingTactical swing size33%

Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.

Leading wave count

Bearish A/B/C rebound may be completing

33% evidence weight

The count below meets the required wave rules. The details show which swings and proportions support it. A valid pattern is still an interpretation of past price moves.

Confirm below 0.03 Fails above 0.04 Count stability Moderate · 52/100

Wave rules and proportions

PassWave B protects the correction originOrigin 0.02; Wave B 0.03.

PassWave C moves in the direction of Wave AA length 0.02; C length 0.01.

GuidelineWave C is proportionate to Wave AWave C is 0.50× Wave A.

Strategic degreeBearish A/B/C rebound may be completing

Strategic degree uses a 24.0% weekly closing-price reversal threshold.

Primary degreeBearish A/B/C rebound may be completing

Primary degree uses a 16.0% weekly closing-price reversal threshold.

Tactical degreeBearish A/B/C rebound may be completing

Tactical degree uses a 11.2% weekly closing-price reversal threshold.

Active swing 33.3%

2 weeks · Forming

Nearest confirmed support 0.03

Pivot from 2026-09-25

Nearest confirmed resistance 0.05

Pivot from 2026-02-27

30-week trend 0.0307

Price is 30.4% from trend

Fair Value reference 0.095

Price is -57.9% from Fair Value

52-week range position 40%

0.02 low · 0.07 high

03 · Supporting evidence

Where the evidence agrees or disagrees

7 of 7 available readings lean against the downward wave interpretation; 0 support it. The pattern and current market behaviour do not yet agree.

100% directional agreement

The other readings point the other way. 0 readings support the selected direction; 7 lean against it.

Trend

Price is holding above its 30-week trend.

30.4% above trend

Cycle pressure

The medium-term pressure curve is turning higher.

Rising

Cycle alignment

Several cycle lengths are improving together.

Rising Stack

Relative strength

Outperforming its benchmark

+2.8

Market activity

Participation is supportive

+55.1

Market dynamics

Price and volume behaviour is supportive

+1.3

30-week momentum

Medium-term momentum is positive

+33.3

Balance of readings Constructive

7 constructive, 0 weak and 0 neutral measures.

Agreement describes direction among the readings. It does not necessarily support the selected wave count.

Market activity

Whether participation is supporting the move.

Participation is supportive. This challenges the downward wave view.

Relative strength

Performance against the market benchmark.

Outperforming its benchmark. This challenges the downward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is positive. This challenges the downward wave view.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

Price and volume behaviour is supportive. This challenges the downward wave view.

04 · Cycle timing

What cycle timing adds

Cycle estimates help describe timing. They do not set a date for the next price turn.

Possible turning intervals

The timing map.

Estimated from 9 Oct 2026. Bands show model uncertainty, not confidence intervals or guaranteed turning dates.

Trough window Crest window

Now+91 weeks

10w bandEstimated 10w · Rising

No measurable positive repeat

0/100Repeat fit · 27.6 cycles of history

20w bandEstimated 25w · Rising

No measurable positive repeat

0/100Repeat fit · 11.0 cycles of history

40w bandEstimated 32w · Rising

7/100Repeat fit · 8.6 cycles of history

Trough: 5 Mar–9 Jul 2027 (+21–39w)Crest: 26 Feb–2 Jul 2027 (+20–38w)

80w bandEstimated 87w · Troughing

43/100Repeat fit · 3.2 cycles of history

Trough: 3 Sep–7 Jul 2028 (+47–91w)Crest: 4 Jun–7 Apr 2028 (+34–78w)

The best nearby repeat is selected from the same sample being described. Its fit is not an out-of-sample forecast score. When fewer than two estimated cycles are available the recent weekly history has gaps, or no positive repeat is measured, timing windows are withheld.

Cycle pressure is rising. That supports the recent upswing, but it does not establish how long it will last.

Cycle repeat scores range from 0 to 43/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseRising

Current medium-term pressure direction

Cycle agreementRising Stack

100/100 rising alignment · 0/100 falling alignment

Estimated next low30 weeks

Timing estimate, not a dated forecast

Estimated next high29 weeks

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Shorter and longer cycles

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.

Typical / observed cycle10w / 10w

Current phaseRising

Repeat score0/100

Price-cross check (FLD)Crossed Up

Since last trough2w

Possible next low-

Typical / observed cycle20w / 25w

Current phaseRising

Repeat score0/100

Price-cross check (FLD)Crossed Up

Since last trough2w

Possible next low-

Typical / observed cycle40w / 32w

Current phaseRising

Repeat score7/100

Price-cross check (FLD)Crossed Up

Since last trough2w

Possible next low21–39w

Typical / observed cycle80w / 87w

Current phaseTroughing

Repeat score43/100

Price-cross check (FLD)Crossed Down

Since last trough18w

Possible next low47–91w

05 · Risk

Risk behind the price move

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

Risk in context

How much room price has to move

Price is 94.2% below the highest weekly close in the stored history. It is 42.9% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

Trend extension
Price is 30.4% above the 30-week trend; large positive gaps increase snap-back vulnerability.
Count instability
The primary interpretation has moderate recent stability.

Downside risk check

Contained

25/100

Wave maturity0/25

Trend extension20/20

Range position0/15

Cycle rollover0/15

Multi-cycle risk0/15

Count instability5/10

Event proximity0/10

This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.

52-week low0.02

52-week high0.07

Annualised volatility140.4%

Based on the latest 26 weekly returns

Average weekly range34.0%

Average high-to-low range over 13 weeks

Current drawdown-94.2%

From the highest close in the stored record

Latest volume46%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

06 · Market context

Sector trends and upcoming events

Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.

Sector breadth

Most analysed peers have an upward wave count. That contrasts with this report’s downward interpretation.

83% constructive

20 of 24 analysed peers have a leading upward wave pattern.

25% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.

Earnings and options

Event information is limited

No additional warning is recorded. Missing event data does not rule out a surprise.

These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.

Peer-state horizon	Non-overlapping samples	Positive	Median	Median excess vs ^SET.BK	Middle 80% of returns
4 weeks	414	43%	-0.3%	-0.8%	-9.3% to 9.4%
13 weeks	160	45%	-0.7%	-1.7%	-17.6% to 17.9%
26 weeks	95	43%	-2.0%	-2.6%	-21.4% to 30.2%

07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -10.6% across 16 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

16 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

-10.6%

13w

-27.8%

26w

-35.0%

Horizon	Matches	Positive	Median	Range
4 weeks	16	0%	-10.6%	-21.4% to 0.0%
13 weeks	16	0%	-27.8%	-53.3% to -20.0%
26 weeks	16	0%	-35.0%	-60.0% to -28.6%

Overlapping historical matches are descriptive context, not independent observations or a forecast.

Data quality, rules and limitations

Evidence quality100/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history: 100/100
Indicator coverage: 100/100
Confirmed structure: 100/100

Elliott impulse rules ↗ · Hurst price confirmation ↗

Model ewc-2.2.0 · as of 2026-10-09 · the last swing is provisional; adaptive thresholds and cycle periods can revise earlier labels between reports.

How the count is built

Rules and data notes

Swing points use weekly closes and a 16.0% adaptive reversal threshold.
The final swing is provisional until the reversal threshold is met.
Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
Primary and alternate evidence weights compare admissible counts; they are not probabilities.
These close-based impulse and A/B/C candidates do not exhaustively classify diagonals, triangles or complex corrections. Counts and historical cycle curves can be revised when adaptive thresholds or estimated periods change.
Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.

Audit trail

Recent swing points

Dates and prices for the recent swings. The final point can still move. This is the current reconstruction; it is not a saved history of earlier published labels.

Date	Status	Type	Price	Move	Duration
2026-01-02	Confirmed	Low	0.03	-40.0%	4 weeks
2026-01-16	Confirmed	High	0.04	33.3%	2 weeks
2026-01-23	Confirmed	Low	0.03	-25.0%	1 weeks
2026-02-27	Confirmed	High	0.05	66.7%	5 weeks
2026-03-13	Confirmed	Low	0.03	-40.0%	2 weeks
2026-03-20	Confirmed	High	0.04	33.3%	1 weeks
2026-05-22	Confirmed	Low	0.02	-50.0%	9 weeks
2026-07-03	Confirmed	High	0.03	50.0%	6 weeks
2026-07-10	Confirmed	Low	0.02	-33.3%	1 weeks
2026-09-04	Confirmed	High	0.04	100.0%	8 weeks
2026-09-25	Confirmed	Low	0.03	-25.0%	3 weeks
2026-10-09	Forming	High	0.04	33.3%	2 weeks

Follow the evidence

Test the view in related research.

Compare the same market from another angle. Shared price inputs can agree without providing independent confirmation.

GTVWave & cycle analysis

A rebound is being tested

The pattern and the prices to watch

Weekly price and wave pattern

What would strengthen—or change—the view?

Wait for price confirmation

Timing arrives; price does not turn

Know what changes the view

Does the interpretation survive a different swing size?

How the wave count fits

Compare the possible patterns

Bearish A/B/C rebound may be completing

Where the evidence agrees or disagrees

Market activity

Relative strength

30-week momentum

Market dynamics

What cycle timing adds

The timing map.

Cycle pressure

Shorter and longer cycles

Risk behind the price move

How much room price has to move

Largest contributors to the risk score

Contained

Drawdown history

Realised volatility

Relative volume

Sector trends and upcoming events

83% constructive

Event information is limited

What happened after similar readings

Typical return after a match

Rules and data notes

Recent swing points

Test the view in related research.

Chart guide

Send a message

Evidence context

The pattern and the prices to watch

Weekly price and wave pattern

What would strengthen—or change—the view?

Wait for price confirmation

Timing arrives; price does not turn

Know what changes the view

Does the interpretation survive a different swing size?

How the wave count fits

Compare the possible patterns

Bearish A/B/C rebound may be completing

Where the evidence agrees or disagrees

Market activity

Relative strength

30-week momentum

Market dynamics

What cycle timing adds

The timing map.

Cycle pressure

Shorter and longer cycles

Risk behind the price move

How much room price has to move

Largest contributors to the risk score

Contained

Drawdown history

Realised volatility

Relative volume

Sector trends and upcoming events

83% constructive

Event information is limited

What happened after similar readings

Typical return after a match

Rules and data notes

Recent swing points

Test the view in related research.

Stage Analysis ↗

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

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