TLKM IS FORMING PATTERN ASCENDING TRIANGLE, BREAKOUT LEVEL @8050. PRICE SHOULD CONTINUE RALLY AFTER BREAKOUT. IF NOT & IF CLOSE BELOW 7900 AGAIN, IT WILL BECOME A FALSE BREAKOUT.HIGH OF PATTERN 8050 - LOW OF PATTERN 6950 = 1100.
TARGET OF PATTERN = 8050 + 1100 = 9150.
*WEEKLY CHART:
-TLKM BULL WAVE SHOWN IN GREEN COLOUR WAVE & LINE. CURRENT REBOUND SHOULD BE WAVE 3-iii-1 OF BIG WAVE 3-iii, LATER IN FUTURE WILL CONFIRM BY BREAKING UP 10,350.-TLKM BEAR WAVE SHOWN IN RED COLOUR WAVE & LINE START WITH ALT=ALTERNATIVE WAVE. CURRENT REBOUND SHOULD BE WAVE C2. AFTER THAT, WAVE C3 WILL CONFIRM BY BREAKING DOWN 6950.
ONE IMPORTANT THING FOR ALL ELLIOT WAVE'S TRADERS, YOU MUST KEEP IN MIND, THERE'S ALWAYS ALTERNATIVE WAVE IN ELLIOT WAVE.
GOOD THING IS FOR TLKM BOTH BULL & BEAR WAVE COUNT POINTING TO A REBOUND WITH TARGETS AROUND 8650 & 9050.
