Following the simple pattern of Elliott's wave, seems the USD/JPY reached its peak as indicated on point B, Arguably, point C is going downward. Everything is possible account for the fiscal policy, inflation rate, policy of central bank, etc. Disc On
- Closing price as per Sept 15th, 2023 UNTR Rp 28.425 (+3.74%) with a full body candle and prevail above EMA 200. At the same above 61.8% (Rp 27900) Fibonacci level. - There is still a GAP after Dividend cum date last April 2023. - Pay attention whether there is a correction on Monday September 18th, 2023, could be a good deal to open position for swing and wait...
As per September 2023, Closing Price 129 precise at the 23.6 Fibonacci Level and the Stochastic cycle indicate to exit the oversold condition