11 Sep 2020 ● 04:34 AM
Jakarta had a big down day yesterday. A 38.2% retracement of the entire rise is at 4830 just below the wave IV low. This decline is largely wave 2 I believe. Reason being is that the previous pattern is a wedge like leading diagonal. A leading pattern is a 1-2-3-4-5 impulse that overlaps at the start of a trend.