IDX Composite IndexShort
IHSG - 23 Mei 2022
Updated
IHSG after set high record in 7354.08, got corrections by breaking ascending wedge pattern from 7246 and hit the TARGET 1 to 6596 (5% from body ascending wedge).
After that, breaking down the ascending channel and found support at 6511 (wave A), rebound to support that flip as resistance at 6957 (wave B). if we break support 6860, then probability the drop will continue to TARGET 2 to 6262 (wave c).
After that, breaking down the ascending channel and found support at 6511 (wave A), rebound to support that flip as resistance at 6957 (wave B). if we break support 6860, then probability the drop will continue to TARGET 2 to 6262 (wave c).
Note
correction that i predicted is correct, but the correction is not zig zag, but flat abc correction, so now we see even there significant rebound, we still need to be aware of resistance and generating big correction ahead if we dont surpass 7600
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.