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PGAS

PGAS Rise Up*PGAS*. Weekly time frame (long term). Ascending triangle pattern. Buy if broke up 1860. TP1 2450, TP2 3050, TP3 (extended) 3380. SL based on theory at 1495, but this is too far below. I would prefer SL at 1780, coz if it down below 1780 it means it dives into the triangle area again, not good, failed to go up. Better exit first, and wait until the next swing low or confirmation from the price action. DYOR ya. Disclaimer on. PS: ASII also has ascending triangle pattern.
IDX:PGASLong
by Bitking001
IDX:PGAS - May 2021IDX:PGAS Reversal after Reaching Double Top Target at 1150. The Price of PGAS has been raised by 110% since Lowest Point in October 2020 to the top of "Adam" at 1895, four days before Christmas Eve 2020. Since reaching the highest in 1895, the daily candle of PGAS forming a Double Top pattern (Adam & Eve Double Top) with the highest price for the "Eve" top is at 1880. The neckline of 1515 became the confirmation line of this DoTop pattern. It was proven as the testing area for confirmation of the DoTop as a bearish reversal pattern. The target of the DoTop pattern reached on 13 April 2021 at 1150; since then, the formation of the daily candles is forming a potential Ascending Triangle that might give us the probability of both downward and upward breakout. The price needs to break out 1270 with a good volume to confirm the Ascending Triangle as a bullish reversal. The nearest target of the reversal is at 1395 (Ascending Triangle Target) The next target after1395 is at 1425 (retracement 0.382), Cut loss if the price is lowering to 1180, or if the risk is acceptable to 1145 (last lowest point). Follow the next retracement (1515 0.500 Retracement and 1600 0.618 Retracement) if the price continuously builds the uptrend momentum. 1400-1480 range will be the heaviest area to break and potentially give you a sideways area before deciding the next direction. Do not forget to place your daily stop loss. Disclaimer is always on. Trade at your own risk.
IDX:PGAS
by dhimaswppr
IDX PGAS : ELLIOTT WAVE ANALYSIS EXPLANATION AND HOW TO USE IT.ELLIOTT WAVE HAVE 5 WAVE BEFORE DO HIS CORRECTIVE WAVE, PGAS CURRENTLY IN WAVE 3 TO 4 ELLIOTT WAVE, WAVE 1 - 2 ALREADY VALID @0.618 ELLIOT WAVE, WAVE 2-3 VALID 1.618 WE HAVE TO WAIT THE SECONDARY REACTION OF WAVE 3 - 4 @0.382 AND WE CAN ENTER AT THAT POINT WITH BULLISH HARAMI CANDLESTICK (THE INSIDE BAR) OR HAMMER, ENGULFING WHATEVER IT IS FOR THE ENTRY AND WAVE 4 - 5 LENGTH HAVE TO BE SAME WITH WAVE 1 - 2 (AB = CD) WE CAN MEASURE WITH FIBONACCI EXTENSION (HARMONIC PRICE PROJECTION) FROM WAVE 0 = A - WAVE 1 = B , AND THE WAVE 4 = C WE CAN SEE THE PRICE WILL STOP AT 2185 AFTER REACHING THAT POINT SHOULD BE A CORRECTIVE WAVE THIS IS A TUTORIAL OR A SIMPLE WAY TO KNOW OR USE ELLIOTT WAVE NO POINT OF ENTRY! JUST A LESSON FOR WAVE ANALYSIS
IDX:PGAS
by RupinGoh