Based on my analysis, BBRI's current price movement is still in a downtrend. By applying the Elliott Wave cycle, I observe that the final wave has formed. This is also supported by Fibonacci analysis to identify potential price movements before entering a long position.
Going 'long' here is a speculative trade, not a long-term hold. It should be noted that a long entry must only be executed if it is supported by candlestick patterns such as a bullish engulfing, a star, or a hammer.
However, I have also mapped out a worst-case scenario in case the price continues its decline back to the levels seen during the COVID pandemic. Traders must remain vigilant if this worst-case scenario unfolds.
Going 'long' here is a speculative trade, not a long-term hold. It should be noted that a long entry must only be executed if it is supported by candlestick patterns such as a bullish engulfing, a star, or a hammer.
However, I have also mapped out a worst-case scenario in case the price continues its decline back to the levels seen during the COVID pandemic. Traders must remain vigilant if this worst-case scenario unfolds.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.