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ALSITRADER

TVC:ZA10Y After braking cup and handle formation it looks on its way to 10.4%-10.6% or another 120bps from here. By the looks of it interest rate will rise in South Africa

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J200/Top40 hourly chart. It looks as inverted cup and handle or even head and shoulders. Some 4500 points in pattern. So watch for break it can bring some 10% downside on J200 JSE:J200

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Fib extension from last drop is around 6200. That should be target for now

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Head and shoulders on 4hrs chart

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Testing very strong resistance at 4100. Break above will take us quickly to 4400 and most probably to new all time high If it fails to break will probably send us back to 3500

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Old saying: From failed move comes fast move False break lower and than big run up.

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Break out underway

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Head and shoulders in place, neckline broken target around 1.16

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Small head and shoulders on hourly chart. Break bellow 3500 will open 3000 as target

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Inverted head and shoulders on 4hrs chart. Neckline broken target around 13.80 Bigger picture is still stuck in symmetrical triangle

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Trying to break 13.25-13.30 area. If it happens 13.50 is next target. Making something that looks as cup and handle or inverted head and shoulders

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Testing previous break point around 3000 If breaks bellow there are another support around 2500 area (2400-2600)

ALSITRADER Updated 

Wait for support break, looks as Head and shoulders top

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His support around 3500 and manage to bounce. If breaks bellow next target is around 3000 Making clearly defined down trending channel

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Breaking higher Next target 13.30, after that 13.50

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Looks like rising wedge top is in place. Wait for backtest of the broken trend line to enter short

ALSITRADER Updated 

Break down channel, back test and now moving hihger #ZAR weakness upon us

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If you expect gold to go up this is great place to buy it