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BRPT : Buy Opportunity Technical Analysis using Elliot Wave Principle
If the count is correct, the wave (2) must have completed, then I expect more upside in wave (3). Wave (2) is a simple zigzag correction of A-B-C.
There are 3 entry options with different risk and reward ratio. Use the entry options based on your own personal risk preference. Stop loss at bottom of wave (2)
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KBLI IndonesiaStockExchange : Long OpportunityAnalysis based on Elliott wave principle
Long opportunity spotted after the A-B-C zigzag correction.
If this count correct then expect further upside movement which is wave 3 impulse. I highly expect price to reverse soon indicated by blue support line that coincides the 0.786 fibonacci retracement level and also RSI indicator shows a bullish divergence.
Two option to enter, aggressive and conservative, depends on personal risk profile. The conservative entry waits for the price to confirm that the correction was ended (indicated by moving above wave 4 high).
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