IDX Composite IndexShort
My longterm view of Jakarta Composite Index (IHSG) is BEARISH..
Based on Elliot Wave perspective, i could see the Composite Index now running on its end of wave 5. It made a huge and wide consolidation around 7k to 7.3k and most likely the consolidation will break and lead to bear season.
I recommend to SELL ON STRENGTH at this time, cause the highest chance for the next trend is bearish trend.
TARGET???
1st: 6500
2nd: 5500
possibly lower than 5000!
Stay alert!!
I recommend to SELL ON STRENGTH at this time, cause the highest chance for the next trend is bearish trend.
TARGET???
1st: 6500
2nd: 5500
possibly lower than 5000!
Stay alert!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.