JMIA GAP and Ascending TriangleNYSE:JMIA
This overreaction is the best, we have so many things we can't wait to share with everyone.
First we have a massive gap after the overreaction upon earnings, many of which are bought right back as every reaction is an over reaction.
( We're sure JMIA would meet the necessary in order to be profitable. )
Second, on the 15M chart we have a ascending triangle and not only followed with a golden cross ready to break.
We still have on every time frame from 1H to 2H,3H,4H and D charts the MACD crossing up showing other signs of run up
My checklist is over and ready, what about yours ?
Goldencross
GOLD - Two movement optionsTwo options for movement.
The first movement is marked in blue.
The second movement is marked in yellow.
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These ideas are not a channel with signals and I do not give recommendations on the entry/exit points.
In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
Thanks for your support!
GOLD SHORT TERM CLIMB: WEDGE + GOLDEN CROSSToday Gold has seen a massive influx of buyers, slingshotting it through the August wedge and preparing for a golden cross of the MA50 and MA200.
The last four times this has happened on the 4H chart it signalled the start of a massive bull market, with price increases varying from +10% to +20% within months
The first major target should be the $2000 area, since it's a nice round number. Prepare for a minor pull-back around there.
If $2000 breaks, be ready for the price to contest the all-time-high!
EUR/USD 🇪🇺 🇺🇸 to rise up to the 1.17616 local support level.EUR/USD 🇪🇺 🇺🇸 is moving within the symmetrical wedge with the pretty wide Bollinger Band volatility. The price is testing the ascending bottom trendline , and according to the oversolds and the Golden Cross is going to rise and test the 1.17616 local support level.
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NZD/USD🇳🇿 /🇺🇸 to RISE!+1.1% on NZD/USD🇳🇿 /🇺🇸. The pair was rejected by the 0.66388 level but the pair is keep testing it. However , according to the Golden cross and deep Stochastic oversold the price is going to RISE and test the 0.66863.
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GBP/USD 🇬🇧🇺🇸 to pullback from the REsistance zone.GBP/USD 🇬🇧🇺🇸 after the golden cross bounced from the Uptrend line. The RSI and ROC show that the price in the high overbought zone , thus we expect sooner or later pullback from the Resistance area.
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Brent 🛢 to test the 47.17 level!Brent 🛢 is rising in the smooth Uptrend and is forming the Ascending triangle. The golden cross and the swing at the ROC 9 suggest the price will continue its rise up to the test of the 43.17 level.
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GBP/JPY 🇬🇧 🇯🇵 to RISE!GBP/JPY 🇬🇧 🇯🇵 is rising in the Uptrend.The golden cross , together with the ROC swing and the Stochastic oversold suggest that the pair is going to rise!
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GBP/JPY 🇦🇺 🇯🇵 to test the local resistance zone!+0.66% Here!
Taking a look at the ROC 6 for GBP/JPY 🇦🇺 🇯🇵 we see that the swing have been predicting the spikes and falls quite well. As wee have the golden cross we shall expect the test of the local resistance zone.
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Ethereum to test the 0.236 fib level!Ethereum indeed kept falling just as was forecasted and the price is about to breakout from the bullish flag as wee see the golden cross. One more attempt to break the 0.236 fib level is going to happen.
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Ripple to RISE!Ripple is rising in the Upward channel. The ROC swings managed to predict the recent spikes and the price has recently experienced another one. Together with the bullish tendencies on the crypto market in general and the Golden cross we can expect the breakout of the Resistance zone.
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Brent🛢 to test the Resistance line!The things keep going well for Brent🛢 . Though yesterday there was no post here those who shorted the pair managed to take +1.15%. The ROC swing was denied and the Golden Cross suggest two options for us here : either the sooner test of the resistance or the bounce from the local support and the following test!
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GBP/USD🇬🇧🇺🇸 to RISE!The Golden Cross of the 100&200 ma managed to predict the previous spike for the GBP/USD🇬🇧🇺🇸 . As we can see , the ROT and the Uptrend line rejected the price , thus the RISE is the most likely scenario!
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