Darkcloud23

Darkcloud23

Retracement back to value for a short traded in direction of previous momentum

Darkcloud23 Updated 

Another intraday play. Price overshot in Asia to 1.98. Trading the retracement back to 1.98

Darkcloud23 Updated 

Intraday play. Trade from value to remove consolidated lows from 30/07/2021.

Darkcloud23

Intra day trade

Darkcloud23 Updated 

Price is back at prices that caused a reversal. Technical imbalance filled at LVN Vaccine rollout halted as early data suggest that the vaccine is not effective enough. This will slow down economic recovery. The latest MPC statement suggest a stable Rand at 15.7

Darkcloud23

PMI numbers across Manufacturing and Services expected to be lower than previous. The Composite PMI as well. This makes sense in light of UK lockdowns. Coincidence that these news announcements are always made around buy and sell zones?

Darkcloud23 Updated 

A weekly supply followed by removal of 2 demand zones on the 4hr. The deep retracement into the Zone does not favour the move.

Darkcloud23

Turkish president fired the Central Bank governor The minister of finance resigned Inflation 11.89% Interest rate 10.25% Forecast by analysts is an increase of 4.75% This is a fundamental confluence overkill. Announcement on 19/11/2020

Darkcloud23

If this schematic holds and price stays above 92.1, then it would imply dollar strength. For now the schematic is incomplete. The current social, economic and political landscape does not favour this move. If you believe the news. For an aspiring technical analyst like myself, price and the story it tells is where my focus is. Again this is my second attempt at...

Darkcloud23

As an avid aspiring technical analyst that devours any trading material, nothing captures my attention like the use of old concepts in a modern trading environment. As is the case with Wyckoff analysis and schematics. This is my very first attempt to label a potential schematic so feel free to correct any mistakes. The current approach is to wait for a schematic...

Darkcloud23

Purely technical trade based on order accumulation in buying zone

Darkcloud23 Updated 

Pric Action establihed from the 14th to the 19th May created a new high. Prices since then are accumulating.

Darkcloud23 Updated 

Demand area reached. Trade could potentially retrace as illustrated.

Darkcloud23 Updated 

Price is in a supply area and failed to make higher highs in 4 hour timeframe. Price could potentially decline from here