“IDX Composite Index: Assessing the Depth of the Downtrend”

The IDX Composite Index is expected to remain under pressure, forming wave [v] of wave A. The nearest corrective target for the index is projected in the 5,879–5,975.

This outlook aligns with prevailing market sentiments, as Indonesia’s economic and political landscape has yet to support a trend reversal. Additionally, global sentiment remains negative, further weighing on the index.