ysjahrial

Applying Technical Analysis in multiple time frames: $BBNI

IDX_DLY:BBNI   PT BANK NEGARA INDONESIA(PERSERO)
• Monthly
- Trend and momentum using Joe Rabil Method: Price is in presumptive uptrend (step 1 2 3 are complete).
- Elliot Wave Method: Mapping 12-(345)
- Harmonic Trading Method: Mapping: Bearish Bat (not drawn)

• Weekly
- Trend and momentum using Joe Rabil Method:
a. Price has been in an uptrend since Mar ’20.
Price continues making HH & HL and is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA.
b. MACD is rising as per price.
- Elliot Wave Method: Mapping 1234-(5)
- Harmonic Trading Method: Bearish Bat was achieved; next mapping is Bearish Crab (3.618BC is achieved)

• Daily
- Trend and momentum using Joe Rabil Method: Uptrend and in pullback. MACD DC
- Elliot Wave Method: None
- Harmonic Trading Method: None

• 1H
- Trend and momentum using Joe Rabil Method: Price is in transition phase.

This analysis is made to track my TA's learning progress, note: HTF is in uptrend but daily TF shows slowing momentum – monitor improvement in 1H TF.
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