We are structurally in a bull market. looking for continuation to the upside long term
Move started from the MPL now we expect a continuation to the upside
Weekly is at premium, and we have a Qml setup which is a great reversal setup for continuation to the downside
the whole of yen pairs are bullish we need to find the best structure to buy
We are looking for a continuation to the upside. on Zooming out we have a QML way higher
NZD is weak and yen is weak. Technically we can stall till the yen aligns as we have more room to the downside
QML in sight and we have divergence on daily TF Good to be back after a long time
price has been falling for quite some time and we have reached for our QML level. There is no valid zone to take our buy trade hence we need a reversal confirmation which we will be on the look out for
Nas100 is at 50% retracement we are mid way. Sustained break below price looks to retrace further upto 79% or 88.5% .We have great demand zone at those retracement levels
price has retraced 50% of the rally that started after the covid-19 rally. at 50% level price can take any direction and not the greatest trading point. We are approaching a fresh supply zone that will determine if we are returning to bullish run, failure which we will see price push to the downside towards the covid 19 high which is at 70.5 retracement level....
We reacted perfectly on my zone and rejected monthly RSI 50 level. Today we are closing on a huge rejection candle
Looking at RSI only for the past 3 crashes they relieved RSI to 50% level giving enough room for an intense bull run. On smaller TF we have a great break on our sell momentum line
On daily we have a great supply area just above the invalidated swing low. The quasimodo formation plus the divergence shows a loss of upward momentum and we should position our shorts
On weekly we are fast approaching a supply zone. On 4hr we have a buy side qml which can take us there. This is only valid if the markets start from this setup before the weekly supply
After printing a huge bullish engulfing we expect at least 50% retracement before a strong bullish run in USDZAR more like what usdjpy did
after a strongly bearish close gold looks bearish with only level1900 holding it back from reaching 79% retracement of 1825.
huge extended range candle with void to be filled. higher time frames are all in a clear bear trend.
Weekly time frame is on a super downtrend looking for continued push to downside