IHSG ascending triangle forming, possible breakout or breakdown?
IHSG have been going sideways for quite sometime and we can see an ascending triangle forming on the daily chart, a positive sign.
However, evergreen and the threat of fed hawkish in the November tapering and yield usdt spiking are still looming. IHSG can still go either way, and the path to bear will definitely be much swifter should it happen as we are nearing the end of the month.
I am currently on 80% cash in a wait and see mode awaiting IHSG confirmation and personally bearish.
What are your thoughts fellow Indonesians bros and sis?
However, evergreen and the threat of fed hawkish in the November tapering and yield usdt spiking are still looming. IHSG can still go either way, and the path to bear will definitely be much swifter should it happen as we are nearing the end of the month.
I am currently on 80% cash in a wait and see mode awaiting IHSG confirmation and personally bearish.
What are your thoughts fellow Indonesians bros and sis?
Trade closed: target reached