The currency pair has made a nice classical chart pattern, a double top and am anticipating a dropp on the daily chart of the currency pair. it has broken the neckline and is on the retest. there is a vey high probability of it falling.
NEDBANK group on the monthly candlestick has printed a break plus pullback type of a pattern to a trend line and has reacted with some bearish momentum on the 61.8 fib retracement level.It has also reacted on the previous support zone which later becomes the resistance as we can see. According to this price action I expect a long term bearish perspective on...
The energy and chemical company SASOL limited has printed out a very observable pattern of a head and shoulders type formation on the monthly candles and good support turning into resistance and confirmed with nice bearish momentum following a rejection on the 1.618 fib level. the stock is going to have a bearish moment long term according to the price action that...
MTN monthly candlesticks have printed out a nice break and pullback to the previous support level that has become resistance and has reacted accordingly with some bearish momentum over the past few months, I therefore expect a longer term bearish view on MTN stocks to somewhere 2682 ZAC.
the sell off continues on usdzmw. technically the currency pair is in a confirmed downtrend, after the completion of the wave (B) we can now expect another sell off to make wave (C) probably to 11 Kwacha or further.
Bitcoin has made a stop on the strong support on 30,000 it has also given a strong reversal candlestick pattern on the 1.272 extension. I therefore anticipate a high probability to the upside.
There has been development of a trendline breakout and retest on the 61.8 fib level on the 2hour timeframe. This therefore gives me a short term short on this currency pair.
the short term ending diagonal suggest a high probability for short term bullish momentum on bitcoin.
on the 4hour timeframe, an ending diagonal has been printed on bitcoin specifically on the third trend line touch, this indicates a high probability for some short term bullish momentum.
USDCAD on the daily timeframe has broken a counter trend line to the downside, left a break and pullback to the weekly low. it is now on the 50% fib level with an engulfing candle on the daily. I am therefore short.
game stop is forming a very big zigzag correction in parallel channels. wave C has ended with an ending diagonal and bulls momentum has been seen although we have not broken the trend line to the upside. am still bullish until price action breaks the invalidation level.
After an impulsive wave we expect a correction then another wave follows. this is the case we see with twitter, after the impulse we have seen a zigzag on the 1.272 fib extension therefore I am bullish on twitter.
NVDA has made a correction o the daily candlesticks in an uptrend. following the break of the corrections trend line/ counter trend line, we have seen a pullback that is most likely to go uptown the 78.6 fib retracement level. the invalidation level is the recent low break. if we break below that point then this perspective would have been invalidated. we however...
On the 4hour time frame ETHUSD has made an ABC/zigzag Elliott wave correction in a downtrend. it has also printed an ending diagonal on the leg C of (C). am therefore bearish until price action says otherwise.
I am still bearish on our currency against the US dollar as it is conforming to the analysis that was made back in September last year . the break and pull back of the trend line leaving a zigzag correction is so bearish, on the 38.2% fib retracement.
Supporting the possibility of it going to the 0.786 from the 0.618 on the daily , gold on the 4hr time frame is making a bearish structure that can possibly be an abc(zigzag) correction currently making wave (B). we therefore wait for short term bearish confirmation on the 1.618 extension or 1.272 extension of wave c of (B). The other scenario confirming it rising...
Gold made a double top but has not broken the neckline of the double. The uptrend is still in place, we have seen a sharp retest to the 1.618 fib extension level with a good wick rejection, we can rise up from there or it can still go down to the 0.786 fib retracement from the recent daily low.buys can be taken from there too anyway I am still bullish on gold with...
A huge correction has happened on cadchf on the daily time frame. I like staying neutral in such conditions to wait and see where the breakout will happen from. we are in an uptrend on the daily candlesticks.