Method: Smart Money Concepts (SMC)
Date: April 13, 2025
🔍 Market Structure Overview
Current trend: Bearish
The chart clearly shows a sequence of Breaks of Structure (BOS) to the downside, indicating strong bearish pressure.
The latest Change of Character (CHoCH) occurred in early February 2025, marking a shift from accumulation/distribution into a downward...
Telkom Indonesia (TLKM) Stock Analysis
Date: January 22, 2025
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1. Technical Analysis
A. Support and Resistance:
• Strong support is observed at the 2,490 level (lower red line), which has been tested multiple times.
• Nearest resistance is at 2,870, with the next target resistance at 3,250.
B. Indicators:
• The 200-day SMA...
In the daily timeframe chart of Bank Rakyat Indonesia (BBRI), it is evident that the price has successfully broken out of the descending channel that previously restricted its movement. After breaking the resistance at 4,100, the price shows potential for further strengthening, with the next target at the 4,510 resistance level. If the bullish momentum continues,...
Key Observations
Fibonacci Extension:
• Fibonacci Extension is used to calculate potential price targets after a pullback.
• Fibonacci Extension Levels:
o 0%: 43,507.08 (beginning of the rise).
o 100%: 45,762.55 (full price target).
o The 45,762.55 level, as the 100% Fibonacci Extension target, serves as a potential take profit area if the price successfully...
Visible Bear Flag Pattern
After observing the chart, the bear flag pattern is clearly visible as part of the price structure. Here are the details:
Identification of the Bear Flag Pattern
The bear flag pattern is a continuation pattern that usually occurs in a bearish trend.
It consists of:
- Flagpole: A sharp drop in price before the formation of the pattern. In...
