As we can see in 1H Chart that the candlesticks follow the bearish trendline, and it broke the bullish trendline, then there is a possibility that it will goes down further. On the other hand, it did only 38.2% retrace. Fundamentally, Indonesia will surely go to recession starting this October. So, the target for downtrend expansion would be 61.8%, which is 26000.
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If you like my idea, then please click Like & Follow button. If you have any other idea, then please leave a comment below. Your contribution will surely motivate me to post more ideas.
Cheers.
