Jakarta composite index is having a hard time to break the strong resistance with overheating RSI.
This is what unsustainable price appreciation looks like.
Prepare for a crash.
I will close all my position if the price breaks the red parabolic support.
DISC: I don't have any investment in this market
Hello, thanks for viewing.
I was going to post this last week, but thought no one probably cares. I put a lot of time into these, now I can't see how many people have viewed, and I get little feedback.
Anyway, spent the day reading story headlines like "Asian shares bounce on strong US open". Totally out of sync with what is happening here in Indonesia. In a few...
resisten terakhir pada rising wedge berada di area 5000, jika benar timeframe 4h chart mengarah pada resisten tersebut sedangkan stoch dan chart bersemuka membentuk lower low - lower high, maka besar kemungkinan rising wedge akan terjadi.
ps : target full rebound saya untuk ihsg berada pada area 3700
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...
Hello all,
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)
drive.google.com
Best regards :)
Aaron
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 since Trump election (57 Share Indices)
drive.google.com
Best regards :)
Aaron
