ysjahrial

Applying Technical Analysis in multiple time frames: $BBCA

IDX_DLY:BBCA   BANK CENTRAL ASIA
• Monthly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-month MA and 40-month MA; 18-month MA is rising and above 40-Month MA.
b. MACD shows improvement
- Elliot Wave Method: -
- Harmonic Trading Method: -

• Weekly
- Trend and momentum using Joe Rabil Method:
a. Uptrend since price continues making HH & HL. Price is above 18-week MA and 40-week MA; 18-week MA is rising and above 40-week MA.
b. MACD is rising as per price
- Elliot Wave Method: -
- Harmonic Trading Method: -

• Daily
- Trend and momentum using Joe Rabil Method:
a. Uptrend
b. Mapping: pinch setup for pullback. If this fails, will monitor price action when MACD is close to 0-line.
- Elliot Wave Method: 5 waves are up.
- Harmonic Trading Method: Price touches PRZ of bearish crab.

• 1H
- Trend and momentum using Joe Rabil Method:
a. Price breaks down its uptrend line.
b. 18-1H MA crosses down below 40-1H MA and both are down
c. Mapping: pullback and currently in presumptive downtrend
- Elliot Wave Method: Mapping AB – (C)
- Harmonic Trading Method: -

This analysis is made to track my TA's learning progress; my note: Target based on Elliot Wave and Harmonic Trading Methods is achieved in daily TF and 1H TF shows a different trend.
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