timonrosso87

timonrosso87

Technically an Inverse Cup and Handle has presented itself. The breakout below the brim level is still quite a weak breakout, but the stop loss is quite wide to give leeway. Fundamentally, Inflationary measures and rising interest rates are going to have a ripple effect around the world. The JSE will also following leading markets, which will bring it down....

timonrosso87

The JSE ALL SHARE 40 seems to be forming two bearish patterns. 1. An Inverse Cup and Handle where the price is about to break below the brim level sending it down. 2. Bearish pennant which is tricking many traders into a bull trap. I may be wrong and this might be the bottom but in my 2 decade career, I've learnt to go with the trend until it confirms an end....

timonrosso87

Huge Inverse Cup and Handle on the Daily and Weekly chart with Bitcoin. First target will be the next psychological level at $20,000 and 2nd target will be $10,000. Luna has spooked the market and there is major fear with the prospects of a crypto-market that has already crashed over 40% ($200 billion). For this reason and more I'll be shorting Bitcoin for now...

timonrosso87

NASDAQ Signal: Sell - 17 May 2022 Large Inverse Cup and Handle on Weekly chart showing another 21% downside to come.

timonrosso87

Discovery looks to be on a strong trajectory up since it broke up and out of a Cup and Handle formation (shaded area). My first target would be around R226.00.

timonrosso87

457 POINT RALLY TRADE ALERT TRADE ALERT: SP500 IDEA: BUY (GO LONG) - Would you BUY or SELL and WHY? PRICE ACTION: (BREAKOUT of a Inverse Head And shoulders) TIME FRAME: DAILY FUNDAMENTALS: Jobless claims are at the lowest since 1969. I was so thrilled to read this statement from the Labour Department on Thursday. They claimed it’s the first time the jobless...

timonrosso87

TRADE ALERT: EUR/ZAR IDEA: SELL (GO SHORT) - Would you BUY or SELL and WHY? PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle) TIME FRAME: DAILY FUNDAMENTALS: Some policymakers at the ECB (European Central Bank) have said the situation in Ukraine could cause the ECB to slow its exit from stimulus measures. Then we have Russian forces which have seized Europe’s...

timonrosso87

TRADE ALERT: BITCOIN IDEA: SELL (GO SHORT) Would you BUY or SELL and WHY? PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle into a downtrend (bear market) 1st Price Target = $20,000 TIME FRAME: DAILY FUNDAMENTALS: Omicron variant has spooked the market at the time Bitcoin fell. But we’ve seen major selling volume from investors, institutions and traders...

timonrosso87

Look who seems to be making a come-back - Steinhoff First target around R6.43 due to a Rounding Bottom

timonrosso87

NASDAQ: BEARISH OUTLOOK There is a confirmed Double Top (M Formation) showing further downside to come to around 14,483. I am worried with American indices at the moment. Omicron, talks of inflationary measures and increase Interest Rates is causing quite a bit of downside.

timonrosso87

Dax30 OUTLOOK: BULLISH Dax 30 has been moving in a Box Formation for the last couple of months. It has however, been showing an upward momentum with higher lows and short candles to the short side. I suspect we will see traction up in the next few weeks.

timonrosso87

SP500: Outlook - DOWN We still need a price break below the Neckline before the M Formation (Double Top) is confirmed... Will probably know in the next few days.

timonrosso87

SP500: Outlook - DOWN We still need a price break below the Neckline before the M Formation (Double Top) is confirmed... Will probably know in the next few days.

timonrosso87

Are we up for a Christmas Rally? Strong uptrend, broken out of Cup and Handle formation and positive correlation with RSI. Looks good for upside Do you agree? #JSE #ALSI #christmasrally #stockmarketrally #december rally

timonrosso87

The Meme coin has broken up and out of the Falling Wedge and looks to be heading to the latest high price.... Looks great.

timonrosso87

Above, is the daily price chart of EUR/USD. Since 18 November 2020, it has formed one of the bearish breakout patterns. It’s called an Inverse Cup and Handle formation (shaded area). This pattern resembles an upside down Cup with a Handle and consists of three main parts: Part #1: The cup (Big rounding bottom on the left side) Part #2: The Handle (Small...