"THERE'S STILL A CHANCE FOR IHSG TO FINISH WAVE C5. THIS SCENARIO IS VALID AS LONG AS PRICE DOES NOT BREAKDOWN SUPPORT 2823."
SUPPORT 2823 DOES NOT BREAKDOWN, PRICE SIDEWAYS UNTIL 8 JULY. *CHART IHSG UPDATED 16 JULY:
MACD POINTING UP AT 9 JULY FOLLOWED BY A GOLDEN CROSS AT HIGHER LOW LEVEL. PRICE MANAGES TO GO UP ABOVE C3, BUT NOT YET BREAK HIGH OF WAVE 5-iii. IS C5 FINISHED ALREADY? NOBODY CAN ANSWER IT NOW. TRUNCATION IS POSSIBLE AS WE MENTION EARLIER, BUT WE NEED A CONFIRMATION FIRST.
US DOW CLOSE -2.5%, WE EXPECT A GAP DOWN ON MONDAY OPENING, WATCH CAREFULLY THESE 2 NEW SUPPORTS LEVEL @2940 & 2844.
A BREAKDOWN (CLOSE BELOW) FROM EACH ABOVE SUPPORT WOULD SIGNAL ANOTHER CORRECTION. OTHERWISE (IF IHSG STAYS ABOVE 2940), WE MAY STILL HAVE A CHANCE TO GO ABOVE 3000.
