BJTM 13%+ INDONESIA STOCKS EXCHANGEWE KNOW THAT DOW THEORY IS PRIMARY SECONDARY AND PRIMARY AGAIN
THE MARKET ALREADY SECONDARY REACTION AND NOW BJTM IS MAKING A BASE, A BASE IS LIKE A CAGE WHICH THE PRICE TRAP INSIDE THE CAGE, WE HAVE TO WAIT THE CONFIRMATION OF THE BREAKOUT OF THE CAGE, IF BREAKOUT THAN THE PRICE WILL RALLY MAKING HIS PRIMARY REACTION AGAIN,
THE TARGET PRICE AREA WILL BE 750 - 770
AND WHY A GREEN LINE AT 720? WHY THE TARGET PRICCE 750 - 770?
THE REASON IS SIMPLE,
THE GREEN LINE PRICE PROFIT AREA IS BY USING FIBONACCI PRICE PROJECTION (AB = CD) AND IT STOP AT 720, SO IS THE GAP AREA, WE CAN SEE 750 - 770 IS AN OPEN AND CLOSING GAP AREA WHICH CLUSTER TO FIBONACCI AB = CD
STOPLOSS AREA
630
WHY? BECAUSE IF WE BUY AT BREAK OUT AREA, AND THE PRICE ISNT CAPABLE TO RISE, AND DROP TO THE BASE (CAGE) AGAIN AND ALSO BREK THE BOTTOM OF THE BASE WE CAN ASSUME THAT SUPPLY IS MUCH HIGHER THAN THE DEMAND
DISCLAIMER ON!
