COMPOSITE trade ideas
JKSE Projection for End of Year 2020 : Crash to 4450-4550 ?MA200 Point of View:
On 15 October 2020, failed to breakout MA200 (5191) with a high at 5182. The last time JCI failed to test MA200 resistance on August 28, in the following days it crashed to the level of 4754 (down 628 points, -11%). If the same pattern is repeated (orange line), the target of the decline this time is to the level of 4550.
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Potential of Double Top Pattern View:
The JCI pattern on September 11 - October 15 forms a potential Double Top (Bearish), with confirmation of IF falling below the neckline support at 4820. If the 4820 breaks, JCI has the potential to fall to the 4450 area (according to the projection of the decline in the double top pattern)
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Fibonacci Retracement & Supply and Demand Point of View:
Since the lowest swing low on March 24 at the level of 3911 to the swing high on August 28 (rejection MA200), the JCI has managed to be strong bullish with an increase of 1471 points (37.6%) to the level of 5382.
If we draw Fibonacci Retracement, JCI when it crashed on August 28 rebounded from Fibonacci 38.2 to the level of the 4800s. With analysis points from MA200 and the potential for a double top, JCI has the opportunity to fall to 4450-4550, to the Fibonacci area of 61.8 around 4472 (strong support for the supply and demand area at the end of March - early May).
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With a bullish reversal target in the 4450-4550 area, JCI has the opportunity to rebound to the 5000-5400 area at the end of the year.
IDX Composite IndexCapital Investment in Indonesia has a special attractiveness for investors all over the world. As a developing country, making investment for this country could give high gain. In order to monitorize investment progress in Indonesia, we need this chart to see.
IDX:COMPOSITE
Potensi Kelanjutan Bear MarketIHSG berpeluang melanjutkan Bear Market pasca gagal membentuk harga tertinggi baru (new high) dan melanjutkan downtrend yang dibentuknya.
Sekilas, pergerakan IHSG sejauh ini mirip pergerakan diawal Market Crash 2008, hanya saja timeframe 2020 lebih panjang. Diawal kejatuhan pasar pada 2008, terlihat adanya Fake V Shape Recovery pada periode Januari - Maret 2008. Hal yang sama terjadi pada periode Januari - September 2020, walaupun per 29 Septermber 2020 ini masih ada peluang untuk breakout downtrend line nya.
Pergerakan IHSG pun berpeluang mengulangi kejadian yang sama apabila IHSG tidak bergerak menembus downtrend line (garis merah) dan membentuk new high.
Saat ini, peluang terbesar adalah IHSG melanjutkan pelemahan ke level terendah 2020 di Rp 3911. Support ini akan menjadi support penting dalam pergerakan IHSG selanjutnya. Jika support ini breakdown, maka peluang berikutnya adalah IHSG akan jatuh ke level tertinggi 2008 lalu di Rp 2838. Pergerakan ke level ini akan menjadi WORST CASE SCENARIO untuk IHSG.
Kedepannya, jika IHSG bertahan diatas level Rp 3911, maka ada peluang untuk terjadi market recovery dan memasuki fase pasar baru. Bisa jadi sideways dulu atau langsung masuk fase Bull Market.
IDX Composite - What’s Next?After touched down 5,300-5,400 with a Rising Wedge pattern, IDX:COMPOSITE slid down to 4,754, it still have a room to fall to 4,600-4,700. Will it goes to south right before Mercury Retrograde cycle comes? Let us see...
The Big Picture of CompositeThis is the big picture of IDX Composite Index using Harmonic Pattern (Bearish Gartley) as projection, Pivot Points Yearly as S/R and Gann Fan as Trendline.
It will happen as long as index break 2 trend line of gann fan (3/1 & 4/1) and S4 pivot points (yearly).
It will be canceled:
1) If Index break and stay in S2 area untill the end of year. Index become sideway around S2 and S3 Pivot Points.
2) If Index can't break S4 this year and stay under S3, Index become sideway around S4 and S3.
3) Break and stay above Pivot Points Area will try new trend (bullish) which is less possible to happen.
IHSGUntuk Investor Fundamental Harus Tau kapan momentum masuk dan keluar, jangan asal masuk cuma karena fundamental perusahaan, fundamental perusahaan gaada apaapanya dibandingkan dengan fundamental global, ikuti pasar, masuk ketika market sudah mulai recovery.
masa masa rawan krisis, IHSG bahkan tidak dapat naik ke level sebelum corona. berbeda dengan index-index amerika.
Indonesia Composite Overview September 2020It gives an overview in regard to Indonesia Composite Stock Exchange for September 2020.
We learned traders once had experienced a market downturn in the beginning of September, the day after Jakarta governor announced that the capital city would practice large-scale social restriction due to the increasing number of positive cases of covid-19. Market especially foreign investors responded this news by leaving the market that caused a huge drop of price. Because of this event, most of us would get affected emotionally and not be able to think clearly what the market would go.
Therefore, in this idea, the trader would simply give his overview about the market using simple analysis such as trend line, moving average line, and fibonacci to predict which area the market will consolidate. The idea is mostly inspired from the mentor of the trader which is famously known as Uncle Ben.
In this chart, we can see that scenario two (red arrow line) is most likely to happen where the market would decrease and consolidate to the nearby support area of 4,876 - 4,924, if the market breakdown from its support at 5,019.
Let's hope for the best and prepare the worst.
IDX Composite - Wider Outlook with Positive ThoughtJust another wider outlook to predict the new bigger channel, by looking at it positively.
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
IHSG/Composite potensi menantang seller di area supply mereka Secara teknikal, market bullish jangka pendek semenjak breakout 4813 beberapa waktu lalu. Sempat menguji area seller di 5270, namun buyer gagal mempertahankan market diatas level ini. Kenaikan market stop dan market masuk dalam periode konsolidasinya lagi dalam waktu beberapa bulan terakhir ini.
Dan dari price action terbaru, terlihat jelas buyer masih respect dengan level support utamanya dan membuat market rebound.
Meski market saat ini terlihat tertekan, namun tetap ada potensi buyer akan kembali menantang seller di 5270.
Jadi view saya melihat market ada potensi naik lagi setelah fase koreksi ini selesai
IHSG - Potensi koreksi lanjutanMinggu ini IHSG lebih cenderung terkonsolidasi dan bahkan ada potensi untuk turun lebih lanjut ke 5120 dan bergerak terbatas di sekitar level tersebut. Tekanan jual intraday masih cukup besar, dimana buyer masih belum terlihat antusias untuk melakukan pembelian sehingga market cenderung kurang bergairah minggu ini.
However, secara keseluruhan ini masih merupakan fase koreksi normal di dalam periode bullish IHSG. Koreksi ini menawarkan kesempatan beli di saat harga sedang melemah.
COMPOSITE MASI ON TRACKIndeks masi bergerak ke ats dengan resistance 5300-5350 dan support 5140-5190
