JKS (JINKOSOLAR HOLDING CO LTD) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- JKS is consolidating in a major symmetrical triangle pattern.
- Price is retesting the major symmetrical triangle's inclined support.
- Price action is printing a minor ascending triangle pattern at the retest area.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential (bounce off the major symmetrical triangle's inclined support).
BUY ENTRY ⬆️
- Breakout above the minor ascending triangle's horizontal resistance.
TARGET 🎯
- Major symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the minor ascending triangle's inclined support.
JKSE
JKSE Wave 3 MINIMAL target price now has reached!!E.W wave 3 is 1.6x the lenght of wave 1. By using fibo extension, we can draw the line using wave 1 and wave and we find that WAVE 3 of JKSE is @ around 6177-ish. SO what do we do now? well we can enjoy the bullish we are on right now and wait for the correction to occur (WAVE 4). Remember wave 3 minimal is 1.6 of wave 1 so although the minimal price has reached, the price can still go higher. However, at this point we should be very careful.
JKSE Projection for End of Year 2020 : Crash to 4450-4550 ?MA200 Point of View:
On 15 October 2020, failed to breakout MA200 (5191) with a high at 5182. The last time JCI failed to test MA200 resistance on August 28, in the following days it crashed to the level of 4754 (down 628 points, -11%). If the same pattern is repeated (orange line), the target of the decline this time is to the level of 4550.
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Potential of Double Top Pattern View:
The JCI pattern on September 11 - October 15 forms a potential Double Top (Bearish), with confirmation of IF falling below the neckline support at 4820. If the 4820 breaks, JCI has the potential to fall to the 4450 area (according to the projection of the decline in the double top pattern)
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Fibonacci Retracement & Supply and Demand Point of View:
Since the lowest swing low on March 24 at the level of 3911 to the swing high on August 28 (rejection MA200), the JCI has managed to be strong bullish with an increase of 1471 points (37.6%) to the level of 5382.
If we draw Fibonacci Retracement, JCI when it crashed on August 28 rebounded from Fibonacci 38.2 to the level of the 4800s. With analysis points from MA200 and the potential for a double top, JCI has the opportunity to fall to 4450-4550, to the Fibonacci area of 61.8 around 4472 (strong support for the supply and demand area at the end of March - early May).
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With a bullish reversal target in the 4450-4550 area, JCI has the opportunity to rebound to the 5000-5400 area at the end of the year.
USDCAD | SWING - 15 Sep. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
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After he broke the uptrend and retested the broken area, he needs more descending according to the scenario that you drew.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
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IHSG - Peluang Penguatan Di Minggu DepanOke, selama beberapa waktu terakhir ini, market beberapa kali menguji level 5150. Uji pertama dilakukan di awal Juni 2020, dan seller mempertahankan level ini dan mendorong market ke bawah, namun buyer mempertahankan level 4706, sehingga market tidak bisa terdorong ke bawah lebih dalam lagi. Dan setelah itu, buyer mendorong market secara perlahan-lahan naik ke atas. Hal ini memperlihatkan keinginan Institusi untuk mendorong market bergerak naik lebih tinggi. Akhirnya setelah berkonsolidasi selama kurang lebih 2 minggu, buyer berhasil breakout 5150 dan memaksa seller melepaskan posisinya di market.
Melihat perkembangan ini, maka, minggu depan ini, potensi besar buyer akan terus berusaha mendorong market bergerak naik keatas. Tapi sebelum itu, ada potensi bahwa market bisa pushback lagi karena Institusi seller bisa ikut aktif berpartisipasi di dalam pergerakan naik ke atas ini. Target kenaikan berikutnya adalah 5725.
Adapun sektor yang memiliki korelasi positif dengan pergerakan naik IHSG ke depannya ini yang bisa diperhatikan antara lain:
1. Mining
2. Agri
3. Finance
4. Basic industry
5. Manufacturing
Good luch and happy trading
Jee
One Last Drop for JKSEThe current advance of JKSE might be a Technical Rebound or a temporary rise during Downtrend.
Since Downtrend is still intact, the future drop might be deeper than this advance.
I predict JKSE will fall below its lowest point (at 3,911) and could reach 3,750.
However, I believe this is one last drop before JKSE starts to form the Bottom or Bullish Reversal pattern to end Downtrend and start the beginning of Uptrend.
JKSE target ~5200Thanks for viewing,
1. If you entered long around the time of my previous post in October (linked) at 5756 you would be 10.5% up now,
2. There is a little way up yet (due to wave 3 of wave C being extended (finishing) and wave 4 and 5 to come, and then we should hit at around 5200 or lower.
My analysis is just based on the chart and also that other regional and international equity markets are also correcting presently.
I am not trading this Index, just following.
Jakarta Composite Index Is In Super Bullish Trend Based On MAHello Guys,
this is my technical analysis toward JKSE Index. based on the 200 & 100-closed MA (yellow line for 100 - green line for 200), this index is showing super bullish trends.
i am counting it on elliot waves in 1-W timeframe, resulted an 1-2-3-4 waves was forming well, and now it's forming the 5th waves
which will be end up around 7000-7700 resistence level if previous resistence breached aka the 0-fib level.
educational purpose only,tab like if you like it :)
JKSE45 2 bearish 1 bullish scenarioJust to update my previous post a few months ago.
Scenario 1: We have seen 5 waves already and are now in a wave B triangle with another 5 waves down to come. Target S1 for -17%
Support: The triangle is clearly corrective, within the triangle waves A and B have almost completed, with wave C to come. If this scenario is in play I would look to enter a short somewhere around the 0.618 fib retracement - or around there somewhere. If anyone knows of any Indonesian brokers that allow shorting please let me know in the comments.
Scenario 2: My labelling isn't correct and we have have an extended 3rd wave and this is a wave 4 triangle. Target for this scenario is marked by S2.
Support: If scenario 2 unfolds it shouldn't go above the red line (wave 1 price extreme).
Scenario 3: The price drop labelled waves 1 - 5 is actually a double zig-zag and we are about to head for the upper trend-line again.
Support: Not much really, but it could happen. The triangle correction tends to point towards one of the other two scenarios.
If anyone has info please DM me. Thanks, at the moment I am not trading the JKSE45. This is published for educational purposes only.
Down to test Important Support at 5,500JCI is continuing falling below 5,800 to test its important Support at 5,500.
What previously predicted to become Bullish Reversal has turned into Bearish Continuation which means the Downtrend is assumed to be ineffective. Downtrend could easily force JCI to touch 5,500.
Support at 5,500 is so important because as long as JCI doesn't break below that Support, the downtrend since 6,700 to 5,500 can still be considered a Throwback market (where JCI falls to 5,500 after broke above 5,500 in Mar'17 previously and rise to 6,800 in Feb'18). We can still hope JCI will maintain Uptrend to 7,000 after JCI touch Support at around 5,500.
For the next 1-2 months, i expect to see JCI in around 5,500 - 5,600.