JKSE Wave 3 MINIMAL target price now has reached!!E.W wave 3 is 1.6x the lenght of wave 1. By using fibo extension, we can draw the line using wave 1 and wave and we find that WAVE 3 of JKSE is @ around 6177-ish. SO what do we do now? well we can enjoy the bullish we are on right now and wait for the correction to occur (WAVE 4). Remember wave 3 minimal is 1.6 of wave 1 so although the minimal price has reached, the price can still go higher. However, at this point we should be very careful.
Composite
IHSG Bullish Trend. + Window Dressing & Santa Claus Rally = 6K ?3 Bullish candlestick pattern (in full RSI above 70 consolidations) without any Bearish candlestick pattern.
The Indonesia Economy as a developing country got so many trusts from foreign investors.
Rupiah maintains its strength throughout the week.
Can't wait to see our IHSG movement in December.
Remember to always trade at our own risk.
Use good money management and practice our trading psychology.
*Disclaimer On
IDX IHSG COMPOSITE Elliott WaveHello, Traders.
I just want to share my thought about IDX : Composite index. I use Elliott Wave to predict the movement of Composite Index. I Hope my prediction can capture the future. If you have any comments or suggestions, just leave here. I will be very glad to hear what your thought.
Thank you
Gold vs M1 and M2 Money SupplyM1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks.
M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
We are looking at the GC1! gold futures vs these money supplies
As we print more we expect these money supplies to increase, so we can start to see the 'real growth' in terms of how much $ is 'out there'
I examine lots of these 'composite' charts as I call them, but let me know your thoughts as well!
**NOTE** Because sometimes there are scaling issues; attempt to line the angles up with the black lines with same origin, thanks!
Manage your own risk
Much Love
GL HF
xoxo
snoop
Indexes vs M1 & M2 Money SupplyM1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks.
M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
We are looking at the major US Indexes Dow 30, SPX 500, Nasdaq 100, & Russell 2000 vs each of these types of money supplies
As we print more we expect these money supplies to increase, so we can start to see the 'real growth' in terms of how much $ is 'out there'
In the more liquid M1 Money supply it looks like we may have bottomed here on the indexes by testing the 'all time' trend line
But in the less liquid M2 Money supply we /could/ expect a fall further if things really go south here. We never tested the 'all time' trend line. No /need/ to but if we did it would be within reason.
I examine lots of these 'composite' charts as I call them, but let me know your thoughts as well!
Manage your own risk
Much Love
GL HF
xoxo
snoop
IHSG: Are You On The BEAR or BULL Side?Jika banyak sekuritas mendowngrade target IHSG, kami masih dalam posisi dengan target IHSG kami dari sejak awal tahun. Siapa yang akan benar? Market is always right.
IHSG saat ini menguji area - area resistennya di kisaran 6350 - 6470. Jika area - area ini dapat dilampaui, terbuka peluang bagi IHSG untuk kembali bergerak bullish dengan target kenaikan di 6900 dengan minor target 6633. Jika momentum kenaikan dapat dipertahankan, maka target utama ada di 7300.
Apa yang bisa membuat momentum kenaikan menjadi kuat? Cek ulasan USDIDR kami.
Are you on the BEAR or BULL side?
By GaleriSaham
This Week: SSE Composite Analysis In China, the Shanghai Composite endured its worst week since October, demonstrating the influence that Beijing continues to yield over its markets. The index lost 5.6% for the week after the government signalled that it would pare back support for the economy amid evidence of a recovery.
The index has lost all its gains after breaking out of a bull flag earlier in the year; it has retraced back to ~3,080 support levels.
Short-term Short for BTCA short-term decline pattern is partially formed with lower high of price and higher high of RSI. Still need comfirmation from Composite Index and Aroon indicator.
If the price do not go straight up continuously, say, up to 4200, the decline is due to happen.
5% decline is 3700 and 10% is around 3615.
SHCOMP Shanghai Composite A Technically Perfect Bounce13th September 08:28 Bst
Shanghai Composite Index SHCOMP
A Technically Perfect Bounce
This was meant to bounce from the the big double bottom
set-up at the 2639 line. In the event it fell to 2647 before
bouncing about 1% or so.
However this index is so far still stuck below the upper
parallel of the original downwave and is therefore not out of
the woods quite yet - but it has at least bounced where it
should have done from a technical perspective.
Now has to push up through that same parallel to start
running free to the upside and to challenge the next
resistance zone at 2791-2803 range.
Whilst this index holds up above 2639 trade worries should
dissipate and help other world markets too.
Shanghai Composite Index SHCOMP 12th September 00:59 Bst
Now just 10 to 24 points away from major support potential at
structure lows in the 2653-2639 range.
This index must hold here and bounce overnight.
Failure to do so will trigger further weakness back to 2444.
That would affect other markets tomorrow.
So long as it holds up as it should we should have a positive
day tomorrow elsewhere too.
*For global markets updates in real-time please see last link
at top-left of main page.