$PGASDisclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
PT Perusahaan Gas Negara Tbk Class B
1,770IDRD
+10+0.57%
At close at Sep 4, 09:54 GMT
IDR
No trades
PGAS trade ideas
IDX PGAS : ELLIOTT WAVE ANALYSIS EXPLANATION AND HOW TO USE IT.ELLIOTT WAVE HAVE 5 WAVE BEFORE DO HIS CORRECTIVE WAVE,
PGAS CURRENTLY IN WAVE 3 TO 4
ELLIOTT WAVE, WAVE 1 - 2 ALREADY VALID @0.618
ELLIOT WAVE, WAVE 2-3 VALID 1.618
WE HAVE TO WAIT THE SECONDARY REACTION OF WAVE 3 - 4 @0.382 AND WE CAN ENTER AT THAT POINT WITH BULLISH HARAMI CANDLESTICK (THE INSIDE BAR) OR HAMMER, ENGULFING WHATEVER IT IS FOR THE ENTRY
AND WAVE 4 - 5 LENGTH HAVE TO BE SAME WITH WAVE 1 - 2 (AB = CD)
WE CAN MEASURE WITH FIBONACCI EXTENSION (HARMONIC PRICE PROJECTION) FROM WAVE 0 = A - WAVE 1 = B , AND THE WAVE 4 = C WE CAN SEE THE PRICE WILL STOP AT 2185
AFTER REACHING THAT POINT SHOULD BE A CORRECTIVE WAVE
THIS IS A TUTORIAL OR A SIMPLE WAY TO KNOW OR USE ELLIOTT WAVE
NO POINT OF ENTRY!
JUST A LESSON FOR WAVE ANALYSIS