Timonrosso

Timonrosso

I popped on this chart on Daily and Weekly and it shows a morbid picture of the price heading to $6.90... I hope I am wrong, because these eternal giants don't deserve such a crash.

Timonrosso

Since the last analysis, Capitec is continuing to look Bearish. It's formed another RARE formation called a Reverse Cup & Handle. This is where the handle is on the left side. Now that the price has broken below the new Brim level at R1659.23 My second target for the bank is at R944.16. Side note: All the South African banks are showing major downside to come...

Timonrosso

Massive Falling Wedge has formed on the weekly... We are near a breakout level, which we can only hope it doesn't breach. If it breaks above R20.35, then the next target will be R25.00. This most likely will only hit in around 2024 though so let's not be too worried just yet. Long term analysis

Timonrosso

Here is the analyses for NZD/USD. Quite a large Inverse Cup and Handle forming on Daily with an even larger one on the monthly time frame. With all Moving averages showing downside to come with 200 >21> 7, tells us this is a bearish analysis... First target to 0.4863

Timonrosso

From the previous Analysis with the Dixie, if we do see the USD index break above 119, the next target will be to all time highs. You take the difference between the high and the low of the Enormous W formation and add it to the highs. This will not be good for other currencies. Something big is brewing in the pipeline and it's about to explode! Target 2 - 166

Timonrosso

In the medium term, the Dixie (US Dollar Index) broke out of its long term downtrend in 2014. Since, it's consolidated between a range forming a large Double Bottom. And now that the price has broken out means we can see a strong move to 120.00. What this means is we can continue to see weaker currencies such as the pound, euro, rand and yen. This can spark a lot...

Timonrosso

On my radar, I'm just seeing downside for the banks! Even Nedbank has given a potential short position. Below Symmetrical Triangle Target 1 - R169.95 What are your thoughts?

Timonrosso

INJ/USD - hourly chart We need a break up and out of the Falling Pennant formation on hourly. above 1.701 and the next target could be 1.946. RSI also showing buying divergence (Higher lows and Broken out of the downtrend momentum). Thank you for the suggestion.

Timonrosso

USD/CAD has formed a symmetrical Triangle which is a pause in current uptrend direction Target up 1.4015

Timonrosso

With all the downside, I am hoping Woolies at least breaks up and out of the Falling Wedge so we can hedge our short position and go long this retail giant. What do you think?

Timonrosso

Discovery showing another nice short position... It's broken below an Inverse Cup and Handle on daily and momentum is favouring downside. Target R56.12.

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This is NOT The year for Resources I must say. BHG is showing 3 patterns of downside to come. 1. Inverse Cup and Handle large. 2. Medium Inverse Cup and Handle and 3. Descending Triangle... If it breaches below the neckline (brim level), we can see an easy target to R325.00

Timonrosso

While Telkom is looking Bullish, I can't say the same with Vodacom.... Head and Shoulders pattern formed and broke down. Bearish Target R98.16. What are your thoughts?

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Standard Bank is showing major downside to come... Inverse Cup and Handle and lower RSI highs. We are already short Firstrand but it looks like all the major banks wants to follow.

Timonrosso

Rising Pennant on USD/JPY Waiting for the breakout below 144.51. Bearish in nature...

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Brent looks like it's on its way down! Broken below a Falling Wedge (which is rare). The RSI continues to make lower highs. and so the first target is around $67.65

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XRP W Formation Waiting for a break up out of the Falling Pennant. Target 0.7018 X>200MA - Bullish

Timonrosso

Since the break below the M Formation, Ethereum is showing downside to come. With the Ethereum Merge 2.0. Investors and crypto analysts are worried with it becoming more centralised with 5 of the largest organisations holding the biggest position in the crypto. This is causing uncertainty in the Crypto world and is scaring investors out of it. We need a strong...