Fumba

Fumba Updated 

HK has been yielding a consistent pattern analysis. The candle gap will be filled too.

Fumba Updated 

Bitcoin's recent bear movement has raised some buying opportunity in the short-term. There is a potential buy opportunity you can consider.

Fumba Updated 

the Index has provided a great dip. This is the setup idea I am taking.

Fumba Updated 

The rand's appreciation has had a positive impact. However, the dollar index is showing some support structure and a potential direction change. SA's ties with the US comes with more uncertainty and this could have more negative impact on SA's economy. In the long run, the rand loses value and you would not want to buy the rand but hold more dollar unit...

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The index is down about 7% from its high in a short space of time due to market uncertainty. However, the market will start to price in that uncertainty and be on the lookout for more opportunities.

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The dollar weakness has been strong for the week, but it is at a relatively strong support level. A bullish correction move is expected.

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Setup 2 was achieved from my previous post. Now I am expecting a short term bull run to bull run to 20K at least. Previous post:

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Is the December tax-loss harvesting done? I am focusing on the two key levels for 2025. A sweet spot would be the 38 800 level but we will average in.

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Setup 1 is more probable but will look at both long-term setups. The greenback has been gaining some momentum based on various illogical parameters. Looking to take advantage of that. Remember to practice good risk management.

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HK has had a strong rebound. I hope traders are enjoying the profit or dividend payouts. However, the November month usually comes with bare movements (check the last 2-3 years). A retracement is also needed from the long downtrend breakout. Wait for your retracement confluences to enter. I suggest you take partial profit and add a sell position @22 600 and TP...

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The recent political events have proven to bring back some confidence in SA. However, it needs to coincide with the financial data. Look to add another position if it goes to the R17.50 level.

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Current potential setup I am looking at short-term.

Fumba Updated 

Potential setup idea I am looking at. The blue zones my fib levels that have been respected.

Fumba Updated 

Potentially looking at two setups. Whereby, idea 1 seems to be more probable but be on the look out for the 2nd setup. Scale with caution.

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On the previous setup idea, only the first part has played out. However, the index has respected the various fib golden ratios. Hence, we will stick to them as added confluence. I will also look at a 6-year VIX chart to couple this chart. On the VIX chart, we can see that the price is currently at a significant zone. May, late Sep, Oct, and December usually...

Fumba Updated 

The index has been bearish for 3 straight weeks. However, it is now at an important key level of support and has two bullish confluences present. I would ideally like to get a bullish engulfing candle as my last one or a reversal candle to add as confirmation. It is worth noting that the price is also likely to test the 77% Fib level as part of a liquidity grab...

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Are there more bears still yet to come? Are we in a bear correction? Bonds or Equity? Value vs growth stocks? Since the market is still divided, what are the few options you have with Dow Jones? My watchlist zones are around 32 800 and 31 800 marks. They have proved to be vital areas of resistance and support. Using a 100MA and 50MA (Red and blue respectively),...

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Two potential setups for Gold that I am focusing on.