Thanks for viewing,
1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now,
2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower.
My analysis is just based on the chart and also that other regional and...
Just to update my previous post a few months ago.
Scenario 1: We have seen 5 waves already and are now in a wave B triangle with another 5 waves down to come. Target S1 for -17%
Support: The triangle is clearly corrective, within the triangle waves A and B have almost completed, with wave C to come. If this scenario is in play I would look to enter a short...
No comment really, wave C has a tendency to extend slightly over wave A in this index - not as far as 1.618 but something like 1.2.
This would mean the 1:1 target is a safe one (if this alternate count is correct) for -14%. I want to keep an eye on this.
Do your own research. I don't have anything against Indonesia (actually it's a lovely place), I have just...
How curious that I now spend my free time looking at charts :) Since going down 18% from its 2018 peak there are signs of a recovery. Either we are somewhere in wave B of and ABC corrective rally or the correction is complete and the index has formed wave 1 and is forming wave 2 over the next couple of weeks. Caution, as wave 2 tends towards a deeper...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Performance in percent while different periods (57 Share Indices)
Best regards :)