Timonrosso

Timonrosso

Descending Triangle has formed and the price has broken below support This makes the first target around $754. Unfortunately, with the erratic markets with the domino effect of FTX, Alameda, Binance and Bitcoin following - this is causing a major ripple effect. When this happens there is less confidence and more uncertainty with investors, which leads them. 1....

Timonrosso

Since the gold broke above the neckline, our analysis has been looking strong. The first target remains at $,1840. It's great to see gold have its bullish days now that investors are flocking right back to this stable safe haven and away from the insolvent, unregulated erratic crypto market. Call me an OG but I still stick to stocks, indices and commodities.

Timonrosso

Inverse Cup and Handle has formed on Daily with Apple. The price has broken below the brim level The moving averages are all bearish 200 <21 <7 - The first target is $100 CONCERNS There are bullish signs with global stocks, which might cause a fake out. We can also see a weak break below the brim level, which could make this analysis wrong.

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Inv Head and Shoulders has formed on Daily chart We are just waiting for the breakout which will send the price to Target $16.93 With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.

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JUST IN: Mark Zuckerberg has announced that Meta will be laying off 11,000 of its employees — an estimated 13% of its workforce — and will also be taking “a number of additional steps to become a leaner and more efficient company.” This is a clear indication that since Mark went and focused on building the Metaverse (VR and AR) that this was a risk. We focused...

Timonrosso

Ascending Triangle has formed since the breakout above the medium term downtrend. We can take the difference between the high and low to work out the next target which will be around Target 1.0597 BULLISH bias and seems like the EUR wants to recover a bit

Timonrosso

W Formation is forming nicely on Gold and we are just waiting for a breakout. There are MANY elements to include in this analysis. 1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up. 2. The downtrend has broken and the price has entered into a bull market. 3. Investors are...

Timonrosso

Inv Cup and Handle formed on Bitcoin following FTX and Binance soap opera drama. With investors and institutions being spooked out of the crypto market following the accusations of FTT being insolvent and with Binance CEO selling over half a billion US dollars, this is the reason why we saw other major cryptos like BTC, ETH, USDT, and FTX crashing like it...

Timonrosso

SYGH on Daily had a Triple Bottom Followed by a Falling Bull Pennant The bias is Bullish and if we base the target on the previous flagpole we can expect Target 1 to head to R30.50

Timonrosso

Cocoa formed a W Formation (Simple). Price broke up and out of the sideways range and now looks like it's going to $26.90 RSI also broke out of its down divergence showing bullish momentum. Looks good.

Timonrosso

Cup & Handle has formed on Daily and now we are just waiting for the breakout of the brim level. 7>21 <200 almost perfect. We just need the price to cross above 200MA First target $122

Timonrosso

Inverse H and S on Amplats The break out of the neckline was strong and the MAs look good 7>21- Bullish. Price is testing 200MA but looks like momentum will help overcome it. Target R1,917.58

Timonrosso

Right now the FTSE is in a sideways consolidation range since early this year. On the larger side it's forming somewhat a Descending Triangle with lower highs and same lows. On the short side, it's formed a W Formation with short lived upside coming. This is a great range bounded setup and for those who are short term traders, there are buying opportunities...

Timonrosso

Another Penny Stock ready to rock. Pan Africa has formed an Ascending Triangle with the break to the upside on Friday. We can now expect the share to head to R4.16. Bullish.

Timonrosso

There has been a change in the wind for City Lodge. A small but evident Cup and Handle has formed. 7>21MA Price is still below 200MA which is a minor concern but with the JSE and ALSI picking up and establishing a somewhat bull market, this should send the price up, Target 1 = R5.00

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As you can see as a position trader, we don't care about short term fluctuations with what happens with the FED, Employment numbers or Earnings. We only care about what we see in the charts and where the markets are more likely to head. The JSE ALSI 40 upside is still intact, and we are cautiously optimistic. BULLISH BIAS

Timonrosso

This is very subjective, and I am not good with these analyses... It seems like a Rising Wedge in an uptrend has established (though some might see a Cup and Handle). Also there is a strong bearish pinbar candle, that has shown the sellers are winning. The momentum is looking weak and we could very well expect a reversal from here. I would only short though if...

Timonrosso

Hershey broke up and out of a Cup and Handle pattern. The Moving Averages are all pointing up and looks good. There is a retest on the brim level giving this a conservative entry for chart pattern traders. Target = $271.00 CONCERNS: With the Interest rate hike of 75 basis points pumping it to 4% with more coming, this could disrupt the upside as it has done with...