NB: These analyses are not intended as investment recommendations! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view.
my own note. NB: These analyses are not intended as investment recommendations! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view.
as written in the chart. my position is @354
lets see. i dont enter this trade, i just want to see my understanding of VPA
i expect wave 4 to end when it touch at least @ around 58xx something as written in the chart. Let see!! ALSO look and zoom @ RSI indicator. it looks like RSI is looking for support @50-53 something2.
E.W wave 3 is 1.6x the lenght of wave 1. By using fibo extension, we can draw the line using wave 1 and wave and we find that WAVE 3 of JKSE is @ around 6177-ish. SO what do we do now? well we can enjoy the bullish we are on right now and wait for the correction to occur (WAVE 4). Remember wave 3 minimal is 1.6 of wave 1 so although the minimal price has reached,...
lets see the reaction when the price touch baseline ichimoku first, i believe that area is quite strong support since it is a confluence of baseline ichimoku (RED LINE)+previous resistence (BLUE BOX)+as well as fibo cluster (GREEN BOX). ill buy @1100-1130/40 area.
BUY only if only MFI indicator reversing to the upside which currently is still going down.. WAIT FOR IT
But first, we are going to see the reaction which will be shown when it touch MA200 @960-965.
Wave 5 is complete or in the move? ERAA price however still moving to the upside after it bounced back from the channel.