DELTA: Macro Consolidation & Support Test SetupDelta Electronics (Thailand) Public Co. Ltd.SET:DELTAake95221. Technical Overview & Structure Macro Uptrend / Correction Phase: Following a strong multi-year bullish expansion reaching historical highs around the 370.0 region, price action has entered a corrective descending structure, bounded by a clear downward resistance line. Volume Profile & Accumulation Zone: A significant concentration of High Volume Nodes sits in the lower range around 90.0 – 110.0, reflecting the long-term institutional base and deep structural support floor established in previous cycles. Wedge / Triangle Compression: Price is consolidating within a converging range near mid-range historical levels, reflecting a contraction in momentum as it approaches the apex. However, the current projection path outlines a cautious outlook with a potential downside test toward lower structural support before a durable base forms. 2. Key Price Targets (Fibonacci Retracement) Short-Term Support Test (198.5): 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 (231.0): Corresponds to the 0.5 Fibonacci Retracement level, coming into play during minor relief pullbacks or if broader buying momentum attempts a recovery test. Deep Correction Target (264.0+): Aligned with the 0.618 Fibonacci Retracement level, representing a structural hurdle and value cluster. 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 toward prior highs.