JKSE Outlook

Hi, back again!!! I looked at the chart just now and my friend asked for the analysis of JKSE. There are some scenarios that might happen with JKSE so far. Some of them have been posted at the recent analysis, and today I will present another analysis.

What if the real crash happen again? Would it be a fear or a greed? Just look at the chart below.

Based on the Wave theory, that 1st, 3rd and 5th wave, might have an extension in one of them. In this case, I saw a number which was looked like the third one. When I calculated, it was extended by 23.6%, just like one of the Fibonacci Ratio:
1st wave was 2,515.16 pts, and the extension at third one should be 2,515.6 x 123.6% = 3,108.74 pts, which is almost having the same figure as the 3rd wave 3,106.44 pts (if I'm right).

If this is really the end of 3rd wave, then the 4th wave will be as long as the 2nd wave which is 1,749.14pts. This means our index will be dragged down to 2,446.58 pts. This can happen only and if only there's a real crash. But I don't expect any crash here...

Happy Investing^^

Disclaimer ON!!!