JKSE (Composite) moved in a small downtrend since April 2020 but this I think this move was part of Bullish Continuation that should continue a Rally from the end of March 2020 (from ~3,900 to ~4,900).
However, I still yet to see Bullish Reversal Pattern that can reverse Downtrend of JKSE that started in early 2020. In that case, the potential upward move to 5,400 doesn't mean that JKSE will reverse Downtrend.
I believe JKSE will fail to Break Resistance at 5,400 and then fall to 4,000 - 4,400. This fall will be part of the Bullish Reversal Pattern that is needed to reverse Downtrend and give birth to a new Uptrend.
For now, let see the current move to 5,400.
However, I still yet to see Bullish Reversal Pattern that can reverse Downtrend of JKSE that started in early 2020. In that case, the potential upward move to 5,400 doesn't mean that JKSE will reverse Downtrend.
I believe JKSE will fail to Break Resistance at 5,400 and then fall to 4,000 - 4,400. This fall will be part of the Bullish Reversal Pattern that is needed to reverse Downtrend and give birth to a new Uptrend.
For now, let see the current move to 5,400.
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Investment Planner at T.R.A.I.L Investment. See e-courses & workshops at trailinvestment.id/
Trading System Designer at Alpha Market Lab Quantum. Join WA Community for information at s.id/alphamarketlab
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CFTe with an award.
Investment Planner at T.R.A.I.L Investment. See e-courses & workshops at trailinvestment.id/
Trading System Designer at Alpha Market Lab Quantum. Join WA Community for information at s.id/alphamarketlab
Investment Planner at T.R.A.I.L Investment. See e-courses & workshops at trailinvestment.id/
Trading System Designer at Alpha Market Lab Quantum. Join WA Community for information at s.id/alphamarketlab
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.