Price broke Exhaustion and created new High since Mid December. Waiting on retest of exhaustion, H4 Trendline. Wait for double bottom, Bullish Engulfings, selling exhaustion, MA's Being respected
After making a huge Downward move (so many confluences) at the start of the last week, Price has made a retracement to the 78.6. Expecting a retest of the 78.6 Fib, Creating a double top, with MA's Crossing, Bearish engulfings, Break of Support with a retest.
WSA is an Australia-based mining company & its activities include mining, processing and sale of nickel sulfide concentrate from high-grade nickel mines, other base metals and platinum group metals. The price has retraced to the 61.8% fib level & closed the gap. It is also the historical resistance zone and is currently providing support. The quarterly results are...
What we can see here is that price has been showing rejection from the major key level of 1593.70. Not only just that, we see multiple rejection from that zone between 1546 and 1562. Recently, price has broken out of early February's descending trend line. Will price reach that major key level resistance and show a possible rejection or break out and retest that...
Short term Counter trend Sell possibility Wait on market open price action
Ideas on what could happen. Always react to what the market is showing you. Patience always pays.
Just a Basic Analysis on different scenarios that can occur
Waiting for Bearish signal on HTF but looking good for a short Seeing a Double Top at H4 S/R
Potential Buy with countertrend H&S pattern up to exhaustion/38.2 FIB Once Price Action & Momentum shows, Potential Sell to the -27%
Waiting for: Break of Support Double Top with rejection @88.6 again
Waiting to see what occurs within this zone Will it break Support or break trendline for a counter trend
Watching From the Sidelines could retest and go up Expecting Bullish Momentum
Wait to see when market opens & what price action does Expecting retracement but not guaranteed with current Fundamentals Watch and see what occurs