Timonrosso

Timonrosso

Quadruple Top. Broken below Testing the resistance of the downtrend. If the price continues down from here, we could see the price level drop to $1,364. Concerns: Gold stocks have been recovering over the last few days, and this could help push the price of gold up. Smart Money normally tries to avoid major sells if it's not in their best interest. I would...

Timonrosso

Brent is in a predominant falling wedge channel. As I have mentioned this week, channels are always stronger than breakout patterns. So we need the price to break below or above a certain level, before the price stops meandering... The first target is to the top of the channel at $97 then down to $88 (channel). If the price breaks below the channel then we...

Timonrosso

Right now the channel is pre-dominant. We can expect it to move up to 12,235 before comes back down to 9,000. Bearish Concerns, if for some reason things start showing glimmer of hope, it could be forming a W Formation which the price can break up and will send the price to near highs for the year. But right now, with the channel in play, bearish is more dominant.

Timonrosso

Cup and Handle on BP Plc Breakout confirmed. Target £563.00 Also the RSI has broken out of the down momentum and picking up. Only concern is the left part of the cup is not touching the brim entirely. Still going long.

Timonrosso

Excellent trade idea to buy BAE Systems on FTSE 100. Target 1 £911.00. RSI broken above resistance Moving Averages are all positive. Good to go

Timonrosso

Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10

Timonrosso

Vodacom is confirming more downside to come. Large H and Shoulders on daily. Target 1 below R100.00.

Timonrosso

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

Timonrosso

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...

Timonrosso Updated 

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...

Timonrosso

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...

Timonrosso Updated 

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.

Timonrosso

Dead Cat Bounce Ranging Downtrends Stronger than breakout patterns BEARISH

Timonrosso

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...

Timonrosso

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...

Timonrosso

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.

Timonrosso

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?

Timonrosso

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?