Applying Technical Analysis in multiple time frames: $ADRO

Monthly
• Trend and momentum using Joe Rabil Method:
- From LL in Dec 2015, price has made 2 LH and 1 HH but it is still in presumptive uptrend. It will become uptrend if it breaks 4250.
- Price is above 18-month MA and 40-month MA and both MAs are rising but no separation yet
- MACD made 0-line reversal and is up
• Elliot Wave Method: None
• Harmonic Trading Method: Mapping: Bearish Deep Crab - 1.618 @ 4460

Weekly
• Trend and momentum using Joe Rabil Method:
- From LL in May 2023, price is in presumptive uptrend
- Price is above 18-week MA and 40-week MA, 18-week MA is rising and above 40-week MA with good separation.
- MACD is rising as per price
• Elliot Wave Method: Mapping - Zigzag AB-(C)
• Harmonic Trading Method: Price reached Bearish Bat – 88.6 @ 4010 with pullback target at Fib 38.2 and 61.8

Daily
• Trend and momentum using Joe Rabil Method:
- The last 2-day bars have been a concern, but price structure is still in uptrend
- Price is above 18-day MA and 40-day MA, 18-day MA is rising and above 40-day MA with good separation.
- MACD is rising as per price, however there is possibility for bear divergence or PINCH setup
• Elliot Wave Method: Mapping - Impulsive wave W12-(345) instead of zigzag as in weekly TF
• Harmonic Trading Method: None

1H
• Trend and momentum using Joe Rabil Method: Price makes a strong pullback; watch price action when MACD is near or reaches 0 line
• Elliot Wave Method: None
• Harmonic Trading Method: None

This analysis is made to track my TA's learning progress, and now I am focusing price action at 1H TF