As wee see that this market formed a huge falling wedge as an indication of big accumulation with several bullish momentum confluence as writen on the price chart, this market would meet it's price target at 4720. Buy on weakness should be your consideration. Invalidation start if the price goes down and close below 3370
The gold and copper company would still weakening since the HnS pattern appear to break it's bullish trendline with multiple bearish divergence. 2000 would be a sweet spot target of this market. Sell short should be your consideration if trade on cfd market and patient to wait to start accumulation on price target (demand level) as you trade on a spot market....
I got an idea of this market since we could see a long accumulation based on falling wedge pattern and others confluence that we have. 6700 would be a sweet spot target based on several reason from the chart. Buy on weakness should be your consideration and 5600 would be an invalidation value
**Market Action DIscount Everything** I got an idea based on price action analysis that JKSE (IHSG) would still maintain their bullish biases (momentum). We would see that the market formed a falling wedge pattern from 21st Jan of this year 'till this time, indicating that this market would make a continuation on their bullish trend. This signal was also...
Wait and see, therese possibility to fill down the gap first so it can move/rally bullish trend again
ANALYSIS 🔎 - JKS is consolidating in a major symmetrical triangle pattern. - Price is retesting the major symmetrical triangle's inclined support. - Price action is printing a minor ascending triangle pattern at the retest area. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential (bounce off the major symmetrical...
JKSE what did you see? Broke 2018 downtrend channel! Your thoughts?
as written in the chart. my position is @354
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.
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.
IF today close above 382 we can expect long position for CSRA, LETS GOO
MA200 Point of View: On 15 October 2020, failed to breakout MA200 (5191) with a high at 5182. The last time JCI failed to test MA200 resistance on August 28, in the following days it crashed to the level of 4754 (down 628 points, -11%). If the same pattern is repeated (orange line), the target of the decline this time is to the level of...