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SA40

#USDZAR stuck between 18.95 and 18.20. USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20. Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing break above or below the two levels will be needed to force a move in either direction.
Short
by MarcoOlevano
1
South Africa Top forty is starting next leg to Bull RunThe South African top 40 index is the latest global index to have been spotted trying to begin a major up move in the next leg of the bull phase. The Index was in a corrective structure all of 2023 until the very recent Nov low. This entire corrective structure according to the Elliot wave theory was what we simply call a "wave 2 correction". The first leg of this phase (wave 1 according to Elliot wave model) occurred in Sep. 2022 and went on till Jan. 2023. The next projected target for wave 3 for this index should be the 80-85K(ZAR) mark(an up move of approx. 25% from current levels.) Note*- This post is for educational purpose only
TVC:SA40Long
by neeraj_2_sharma
2
SA40 61716.81 + 0.39 % SHORT IDEA * STRUCTURE & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE SA 40 INDEX. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:SA40Short
by PULEMokhothu
1
SA Top40 The SA Top40 index has been facing alot of resistance lately due to the current pandemic and political climate. The SA president recently announced that they will ease the lockdown to level 1. Good news for airlines (and tourism sector) as international borders are open and more businesses will hopefully be able to resume. This should boost investor sentiment in the short-run. However, the index is structured in key levels/zones and recently has a strong downward trend. Thus, setup 1 or 2 can be expected. Wait or clear breakouts and retests confirmation to play it safe.
TVC:SA40
by Fumba
3