SAWAD: Descending Consolidation & Support Test SetupSrisawad Corporation Public Company LtdSET:SAWADake95221. Technical Overview & Structure Macro Downtrend: Price action remains bound within a broad macro descending structure, tightly capped by a long-term downward resistance line from prior major highs. Volume Profile & Accumulation Zone: A heavy concentration of High Volume Nodes sits in the lower range around 21.00 – 23.00, establishing a solid structural support floor and multi-month accumulation band. Wedge / Triangle Compression: Price is consolidating within a converging range near historical support, reflecting a contraction in momentum as it approaches the apex. However, the projection path outlines a cautious outlook with a potential downside test toward structural support before any meaningful base is formed. 2. Key Price Targets (Fibonacci Retracement) Short-Term Support Test (23.4): Aligned with the 0.382 Fibonacci Retracement level, serving as the immediate downside test level if the current consolidation range breaks lower. Medium-Term Target (21.9): Corresponds to the 0.5 / 0.618 Fibonacci Retracement region, coming into play if broader selling pressure intensifies. Deep Correction Target (19.5): Aligned with the lower structural extension level, representing a deeper pullback toward major historical demand clusters. 3. Risk Management Invalidation Level / Resistance Break: A decisive bullish breakout above the upper descending trendline and moving average resistance cluster would invalidate this downside bias and signal a renewed trend reversal attempt.