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Ihsg

One more up swing, bullish scenario on IDXOne more up swing in the current primary cycle. The green scenario is ABCDE or correction pattern, that tends to be shallow but takes longer time to complete. On the other hand the red scenario is ABC or WXY correction pattern, these patterns tend to be sharp but shorter than triangle pattern. Invalidation point of this bullish analysis if IDX < 6134.8818. The fifth wave tends to be slow upward price movement. As we are reaching the end of the primary cycle, it is good to acknowledge that a major correction might be happening in not so distant future. The fifth wave is good for trader in the next couple of months, but I don't think it is good for mid and long term investment because essentially at this point you are buying at the top. We might be seeing stocks that haven't been moving in this primary cycle of IDX suddenly moving up while IDX is facing a local downtrend for example see Previously I have posted my view on macro analysis, the bearish scenario that we don't want to see. My main bias is we are currently in an impulse primary cycle, but it is good to put the bearish perspective in the back of our minds so we can see the chart in a more objective way. If we are currently in corrective pattern these scenarios might be taking place in the future DISCLAIMER ON This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
IDX:COMPOSITELong
by UnknownUnicorn15813494
$ADHI will go to support area where at 985-1.000. $ADHI has the potential to decline to the level of 0.236 where it will be at 985 as the support area. If it stays in the support area and bounces, then $ADHI has the chance to rebound to the 0.382 level, which is at 1.185. Based on the moving average indicator with a period of 5 days, today's candle is already below the EMA5 (Exponential Moving Average within 5 days). This makes EMA5 a resistance area. In addition, the stochastic indicator 14.3.3 also indicates that there is still a decline to the over bought area. Based on the 2 indicators above, $ADHI has the opportunity to continue the downtrend.
IDX:ADHIShort
by hudacings
IHSG / IDX Correction prediction !So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while. The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022 during Window Dressing, Santa Claus rally, and January Effect. But it can broke down to 6375 level or even 6150 level. As long as 50 EMA still above 200 EMA we will gonna be bullish for a moment. Stay safe, Invest wisely! be cautious. If you like this please drop a like and give it a follow ! Feel free to post your opinion on the comment section! Stay strong Indonesian Brother!
IDX:COMPOSITE
by rizalharmadi
Bearish scenario, an IDX analysis we don't want to see IDX looks good on daily timeframe but the probability of a fake break out on monthly timeframe is so quiet concerning. In order to stay bullish on IDX, the last point of support should not be broken down. The bearish scenario invalidation if a monthly close above 6755 and break out of pink resistance. The Yellow line is conservative bearish outlook and the Red line is aggressive bearish scenario. Check on previous bullish analysis on 22/03/2021 DISCLAIMER ON This analysis is not financial advice. Please note that you are responsible for your own investments. This chart only represents my opinion and view about the stock market in general and may be used only for educational purposes.
IDX:COMPOSITEShort
by UnknownUnicorn15813494