ZAR
"UsdZar: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline.
- Price is above the Support Zone.
- Price is developing a Correction.
- If price breaks the Correction and the Support Zone, it has potential to continue its down move towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Anticipating a bounce on ABSAJSE:ABG is trading at quite a strong support level. If it fails to break through and bounces off support, I will consider entering a long position. The stochastic also looks like it is gearing up for a turn.
Alternatively, if it breaks through support and forms lower lows, we could be looking at a short position.
Long on BHPJSE:BHP has broken upwards through the triangle I mentioned in my previous idea. Couple with this, it has broken a fractal level, so I am entering a long position.