Two scenarios now..
Just look at the chart and arrows..
price movement like 1st arrow, will buy when break resistance..
or 2nd arrow, wait for support...
white trendline is my concern
Disclaimer on... DYOR
Buy and sell with your own decision..
Good consolidation.. Nice demand..
My options for long
1. Wait when price breakout white trendline... SL 2820 daily close.. TP 3090-3500
or
2. Averaging.. 3 times... a. at market price, b. 2700, c. 2520 ..
SL price breakdown 2440 daily close.. about 9%
Disclaimer on.. DYOR
Buy and sell at your own decision...
No buying option until price breakout resistance at bluesquare area.. Look price wants to break resistance but failed.. Just wait ..
Disclaimer ON.. DYOR
Looks good at this area.. Wait for bounce at dynamic support blue line and break blue trendline... And take profit at area blue square.. SL if price below 4710 daily close..
disclaimer on.. DYOR..
I found it pretty interesting, here are the points:
1. support line really holding the price up until now, it bounces back price every time price came near of it.
2. my wave count tells me that the correction from 3600 high is near the ending.
3. 0.786 fibo level act as support too, that pulled and pushed the price like a magnet, i believe there was range of...
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
DISCLAIMER ON
This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
One more up swing in the current primary cycle. The green scenario is ABCDE or correction pattern, that tends to be shallow but takes longer time to complete. On the other hand the red scenario is ABC or WXY correction pattern, these patterns tend to be sharp but shorter than triangle pattern. Invalidation point of this bullish analysis if IDX < 6134.8818. The...
So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while.
The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022
during Window Dressing, Santa Claus rally, and January Effect.
But it can broke down to 6375 level or even 6150 level.
As long as 50 EMA...
IDX looks good on daily timeframe but the probability of a fake break out on monthly timeframe is so quiet concerning. In order to stay bullish on IDX, the last point of support should not be broken down. The bearish scenario invalidation if a monthly close above 6755 and break out of pink resistance. The Yellow line is conservative bearish outlook and the Red...
IDX Composite (IHSG) seems to continue it's bullish rally as descending broadening wedge pattern appear with bullish divergence as a momentum. This analysis can be your consideration as your trade decision to buy on weakness on certain stock that highly correlated possitively with this market
![MNCN: [IDX] MNCN - stock you want to watch closely in the coming weeks](https://s3.tradingview.com/1/1GVRQ733_mid.png "[IDX] MNCN - stock you want to watch closely in the coming weeks")
