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Ihsganalisis

WILL IHSG SURVIVE IT 6,500 LEVELS? 1. Trend & Market Structure IHSG is still in a downtrend, indicated by lower highs and lower lows. The price recently attempted to break the downtrend line, but there are signs of a false breakout as it dropped again near resistance. 2. Support & Resistance Levels Nearest Support: 6,500 - 6,530 (currently being tested). Strong Support: 6,260 - 6,170 (if further breakdown occurs). Nearest Resistance: 6,583 - 6,683 (a level that needs to be broken for short-term bullish confirmation). Major Resistance: 6,907 (a strong resistance that could signal a trend reversal if broken). 3. Indicators & Further Signals Short-term EMA/MA: The price is moving around a small moving average (possibly MA5 or MA10), indicating uncertainty about whether it will continue rising or get rejected downward. Candle Pattern: A doji or rejection candle is forming near minor resistance, which could signal potential weakness. Breakout Trendline?: The price has briefly moved above the downtrend line, but confirmation is needed to determine if this is a valid breakout or just a retest before dropping again. 4. IHSG Projection Bullish Scenario: If IHSG can hold above 6,530 and break through 6,583-6,683, it could continue rising towards 6,900. Bearish Scenario: If it fails to stay above 6,530, it may drop further to the strong support zone of 6,260-6,170. Conclusion: Right now, IHSG is at a crucial level. It’s important to see whether it can hold above 6,530 or break down further. If you're trading in the short term, wait for confirmation to see if IHSG will break out or face rejection from this level.
IDX:COMPOSITE
by DENZELOBAJAA
1
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