ash.tsikwa

ash.tsikwa

pretty straightforward

ash.tsikwa

analysis

ash.tsikwa

Analysis speaks for itself

ash.tsikwa

daily closure left clues for a possible wick fill that could occur, 4hr PA suggesting AB=CD (c-leg @96.21) needs to get completed with a possible D-leg @97.10, but an imminent pullback to recently broken resistance zone of 96.5 had to first come to pass to fulfill the markets predominant wavy motion. this pullback has hinted out another ab=cd move on a lower tf...

ash.tsikwa

I'd wait for at least a 3pin bar formation on the 50% or just after 61.8% fib level to consider taking longs in the attempt to fulfill the H&S previously printed

ash.tsikwa

we've had long term consolidation with a clear box range between our 50.0% and 61.8% fib region with multiple bounces off a weekly TL with no success in breaking below and closing below to validate further downside momentum. Instead we have validated the bullish trend that was initiated a few weekly candles back(start of TL)...with the RSI indicating an up-build...

ash.tsikwa

CONFLUENCE

ash.tsikwa

retest and rejection of trend line, Elliot wave correction underway with 61.8% -76.8% retracement near previous region of resistance (double top)... A-leg correction violated previous HL, making a new found low with B-leg correction making a LH hence change in market structure. `could witness a bearish push down for the next 3 days... this suggests possible longs...

ash.tsikwa

50% - 61.8% retracement... break and retest counter-trend-line. lazy to type. multiple confluence

ash.tsikwa

broke upside trendline, retested and continued bearish. Impulse corrective wave has been made,followed by 38.2% retracement. Daily Hammer-head printed at the 93.90 region on DXY, near previous resistance insinuating possible weaker dollar.

ash.tsikwa

shorts to key region of support and -0.27% fib level

ash.tsikwa

Multiple confluence suggesting short term uptrend (H&S present). expecting minor pullback/retracement to 61.8% fib zone before commencing with original short term uptrend to trendline creating a retest of RS. Awaiting significant market structure by 61.8% before taking longs.