Timonrosso

Timonrosso

CHART ANALYSIS Looking at the daily chart of Brent Crude, we've seen the oil price bounce up on a strong rising trendline (black line) since 15 September 2015. Every time the price bounces on this level, it rises to new all-time high prices. Over the past year, Brent Crude has formed what’s known as a ‘Symmetrical Continuation pattern’ (shaded area). This is...

Timonrosso

Gold has been forming a Falling Wedge in since warly August... As it's approaching 3/4s of the apex, we can expect a breakout to the upside soon. This will send it to the first target at the top of the wedge pattern. Will update, as this formation pans out.

Timonrosso

CHART ANALYSIS Looking at the weekly chart of the S&P500, you can see the price has been making higher highs since January 2018. However, the RSI indicator hasn’t… The RSI or Relative Strength Index is a popular indicator used for when you buy or sell trades. All you need to know is the RSI measures the speed and change of market price movements. And if...

Timonrosso

We are brought up in society to WIN, WIN, WIN! Throughout our upbringing we must either: Achieve top grades Drive the fanciest cars Wear and own the best brands In other words, we are raised to win with everything we do in life, until you get welcomed into the world of trading. Today I’m going to be the contrarian and share with you why you should love,...

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JSE:FSR is nearly ready to buy (go long) due to an ascending triangle that's been forming since 8 July 2019. You might be wondering why I'm not calling it a Cup and Handle pattern instead. One reason - The right rounding bottom is more than 50% the cups height. Hence the stop loss will be wider, and the take profit will be extended higher than normal. I'll update...

Timonrosso

Samsung Electronics has been forming a W formation since May 2019. It has recently broken above the $1,025 neckline level, showing momentum is set to continue up. This gives us a great opportunity to go long and buy the share.