now i'm charting on FREN idx stock,as you can see,it's completely making perfect waves in both impulse & correction in the daily timeframe. after recent correction, early this year, FREN is done with C correction waves at 0.786 fib retracement (which is oversold area in daily Rsi) & making the first move of 1st impulse waves, breaking 3 previous resistance at Rp. 100 - Rp. 115 - & Rp. 131.
with today closed with bearish engulfing candle,highly predicted it will move to 2nd impulse which should be correcting at Rp. 115 - Rp. 131 rupiah area. that sounds being our entry or load up point for the next profits,impulse & rally!
if my calculating was right, it will give up 100% capital gains in the upcoming months.
educational purposes only,tab like button if this helpfull :)
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