BMTR : IDX - Technical Analysis
BMTR Global Mediacom Tbk.
Based on Elliot Wave theory, the weekly time frame chart indicate a completed major correction of wave (2) which is a triple zigzag correction . We can add this to our watch list to see if it really confirm to resume its upward movement of wave 3.
If we stick to the previous counting, the daily chart provide more detailing information.
Minor correction will complete the (c) wave, after that we expect upward movement of wave 3. Aggressive plan may want to enter in blue box ranging 292-324, while more conservative plan will wait until chart breaks 3 MA.
In summary, we wait and see for further information as the chart develops
Based on Elliot Wave theory, the weekly time frame chart indicate a completed major correction of wave (2) which is a triple zigzag correction . We can add this to our watch list to see if it really confirm to resume its upward movement of wave 3.
If we stick to the previous counting, the daily chart provide more detailing information.
Minor correction will complete the (c) wave, after that we expect upward movement of wave 3. Aggressive plan may want to enter in blue box ranging 292-324, while more conservative plan will wait until chart breaks 3 MA.
In summary, we wait and see for further information as the chart develops
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