IDX 30 (Indonesia) Pattern Recognition Shooting Star

IDX30 Index   448.67  6.09  1.38%   
IDX 30 pattern recognition tool provides the execution environment for running the Shooting Star recognition and other technical functions against IDX 30. IDX 30 value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Shooting Star recognition function is designed to identify and follow existing trends. IDX 30 momentum indicators are usually used to generate trading rules based on assumptions that IDX 30 trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was eleven with a total number of output elements of fifty. The function generated a total of one valid pattern recognition events for the selected time horizon. The Shooting Star pattern is one of reversal pattern that can predict IDX 30 Jakarta falling future prices.

IDX 30 Technical Analysis Modules

Most technical analysis of IDX 30 help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for IDX from various momentum indicators to cycle indicators. When you analyze IDX charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

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