Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After successfully reaching its All Time High (6754.5) on 22 Nov 2021, JCI (Jakarta Composite Index) / a.k.a.
COMPOSITE appears to be forming a rising wedge pattern accompanied by bearish divergence on the stochastic indicator. This condition needs to be watched out for considering that the rising wedge pattern is a bearish pattern.
Confirmation of the occurrence of this pattern is if the price is able to break out and close the lower trend line which is around the level of 6665.7 which coincides with the support line.
The target for the decline is at the level of 6481-6458.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After successfully reaching its All Time High (6754.5) on 22 Nov 2021, JCI (Jakarta Composite Index) / a.k.a.
COMPOSITE appears to be forming a rising wedge pattern accompanied by bearish divergence on the stochastic indicator. This condition needs to be watched out for considering that the rising wedge pattern is a bearish pattern.Confirmation of the occurrence of this pattern is if the price is able to break out and close the lower trend line which is around the level of 6665.7 which coincides with the support line.
The target for the decline is at the level of 6481-6458.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.