Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10
Vodacom is confirming more downside to come. Large H and Shoulders on daily. Target 1 below R100.00.
Major Inv C and H on Daily has formed... The price is having some type of recovery before the price continues down. It's a conservative entry to enter when the price is below the brim level. This will confirm the downside to come to around $51.00 Also with Moving Averages - 200 > 21 > 7 Bearish Target $51.00
PayPal on Daily is showing two breakout patterns in the making...A Cup and Handle and an Ascending triangle... We need the price to first break above $104.00. Then the next target will be easily at $134.45. Few concerns: 1. Price is still below 200MA - which signals a bear market 2. The price could be consolidating before further downside But overall I'll be...
As I mentioned earlier, Larger Channels are generally stronger than breakout patterns. The DAX 30 has been in a strong downtrend since 5 Jan which isn't slowing down any time soon. We can expect another bounce to around 13,064 before it turns down and makes new yearly lows to around 11,620. Thank you for the trading analysis suggestion, let me know if you need...
Ellies is not looking good. It's been a strong downtrend since 6 Dec 2021 from 46c down to its current 16 cents... There are two ways this can play. Either, they sort out their issues and buyers start piling in which will break above 18 cents to go to a target of 26 cents. Or the sellers continue which plummets the share down to 8cents. The truth is the charts...
BULLISH Ascending Triangle formed on 4 hour We are just waiting for a break above R2.98 Price >200MA Target 1 - R3.80 Concern is that the previous trend is down and the uptrend could very well fizzle but the bias is still bullish.
Dead Cat Bounce Ranging Downtrends Stronger than breakout patterns BEARISH
I'm not enjoying the bear market, but we can't deny the charts and what we see. It's most likely just a Dead Cat Bounce before we get further downside... We can do nothing but sit on our thumbs...
GBP/JPY hit our target of 153.35 YEN and now looks like it's back in the Box Formation... We'll need it to break below or above before we can choose a bias...
DIXIE (US Dollar index) is also showing further upside to come which will lead to other currencies to weaken further... I think it's target at 119.00 is still highly possible, but if it breaks above there then most currencies are F$%ed. Sorry had to be said.
EUR/ZAR - Daily is in a channel and is doing exactly what we thought it would do a few weeks ago... As long as it's in the channel it's in a sideways consolidation period. What else should I analyse for you?
As previously done. There is a large M Formation in play for the EUR/USD... The downward momentum is strong and confirming further bearish movements to come. The first target like the last is 0.8938. What else would you like analysed?
Thank you for the request USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00 Let me know what else you would like analysed and follow my Trading View for more analyses...
BULLISH Ascending Triangle formed on 4 hour We are just waiting for a break above R2.98 Price >200MA Target 1 - R3.80 Concern is that the previous trend is down and the uptrend could very well fizzle but the bias is still bullish.
NEUTRAL (Bearish vibe) Channel Still in a range Break up target R4.23 Break down target R1.18
Bell is showing a neutral analysis at the moment. There is a potential Symmetrical Triangle in the making... Once the price choose to break up or down, it will have more of an idea of where it's likely to head. What do you think? Up or down?
BEARISH 4 Hour Box Formation - Consolidation Break below and target R1.00