BBCA Continue Downtrend to 26000

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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BBCAFibonacciTrend Lines

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