Tools used:

chart indicator- Bollinger (20,2,2);
trendlines; &
vertical line (forecast date).

Thereafter, I draw with polyline such that the price moves like "elliot" wave movement & then remove the shapes.

From weekly (top) chart, price currently below bollinger centre-line.

From daily (bottom) chart, price looks likely to consolidate within a wedge.

I'm anticipating further selling on breakdown and price moving towards weekly support line.

My expected target on 1st October for GBR.IDX/GBP: 6175.
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