siya_south

siya_south

the market forms lows and highs around the same / historical price points ...so on this chart, the market is on a level which it has created past lows , we can expect buyers to come in and push the market higher ...we can use a smaller timeframe for entry confirmation

siya_south

Adobe is currently testing the neckline on the possible inverse head and should, some might argue that it is a pennant formation . its ok ...what we need to see , is the market breaking with vol and close above the neckline, to avoid false breakouts , we need to allow the market to retrace and find support

siya_south

bullish pennant breakout target R160

siya_south Updated 

BCHUSD was in a ascending channel, of which it broke bullish through the resistance , my plan is to wait for the market to test the backside thus turning resistance into future support (daily chart) and look to buying evidence ei candlestick formations , fakeouts etc target is 1000 by using the width of the channel

siya_south

a confirmed cup and handle pattern can be seen on this market, we can use the depth of the handle and a conservative tp and the cup for full tp

siya_south

a channel breakout is identified in this market. A low risk good reward entry would be to : wait for the market to test the backside of the broken resistance line (upper channel line ) and turn it to support ,rather than chasing the price

siya_south Updated 

the market is currently in an ascending channel and is testing the support of the pattern, the market has history of finding value when it tests this level , to confirm bullish continuation we can use the smaller time frame look for supporting patterns like bullflags etc, if the market fails to close above support it might signal further selling pressure

siya_south

the market has broken and is trading above the resistance trendline, a possible bullflag is forming in the lower h1 timeframe , target would be the gap at 1424

siya_south Updated 

bullish triangle breakout

siya_south

possible invese head and shoulders . plan : wait for the market to break out of the neckline (BUYZONE), wait for a testback and close above the neckline

siya_south

Two possible scenarios on KUMBA..since the market is in an ascending channel and has rejected at the upper end of the channel we can expect the market to pull back to the lower end of the channel where it can find buyers ...if the market decides to break above the neckline we would have to wait for the neck line to act as support and then look for buying evidence

siya_south Updated 

greetings , the market is currently testing the backside of broken horizontal support (support becomes resistance) and testing the trend resistance of the triangle pattern , my plan is to look for bearish trendline breaks in the 60 min chart

siya_south

with the market taking out the 31 aug week lows , we can expect the market to pull back slightly, I expect to see buying evidence once the market tests the backside of the broken channel resistance which could then send the market higher

siya_south

my plan: 1. wait for the daily close above the resistance 2. allow the market to pull back and test the backside of the broken resistance 3. look for counter trendline breaks bullish or bull flags in the 1h

siya_south

the market was in an ascending channel since 2014 and has now broken out bullish not only with a weekly candle, but with the monthly candle as well...good news for investors and traders ...well personally , i'm against buying high prices and chasing the market so a pull back to turn the previous resistance as support would be ideal. I am expecting a rally to 332

siya_south Updated 

what we have on the daily chart is : a break out of a down trendline and the market turned the resistance into support...the market can push up to the feb highs

siya_south Updated 

my plan on nasdaq100.. i will use the previous swing low as stoploss

siya_south

triangle pattern ...a break above the trendline and test back would be a buy signal