TradingView
steveivan
Feb 7, 2024 5:01 PM

My view for Composite (IHSG) Short

IDX Composite IndexIDX

Description

Based on wave counting, the extended "B" has been formed and now the big "C" correction is on its way.
I believe in some coming weeks we will have a huge correction..
#BEARISH
Comments
MrSparkles69
I believe IHSG will score an all time high (around 7400) before we are going for a correction. IHSG has been supported by PP's stocks for quite some time and it's just not sustainable. The big banks are good though.
steveivan
@MrSparkles69, interesting view! thanks!
MrSparkles69
@steveivan, Don't you think the c wave of the B wave lacks the fifth wave? It looks like the fourth wave just ended and we are on the beginning of the fifth wave.
steveivan
@MrSparkles69, it's possible but another scenario also still valid. I just could say that in this level, it is worth the risk to cash in.. We can re-entry later on 5600-6000..
More