MR_US30_ZAR

MR_US30_ZAR

Elliots Wave impulse count of 5 waves We are currently starting final wave after the 61.8% retracement of wave 4 Dollar strength expect long term

MR_US30_ZAR

*Retest of Moving average that has been consistent with being resistance. *trend line bearish

MR_US30_ZAR

Dollar Strength = Stock bears 50 % retracement zone also agrees with US30.

MR_US30_ZAR

Elliot's wave count confirms directs with Moving average serving as resistance for bears. USD strength means stock bearish

MR_US30_ZAR

*Dollar strength expected therefore correlates with GBPUSD short. *Moving average ,Pivots points and trendline agree on confluence.

MR_US30_ZAR

1)Dollar index on final Wave of strength and EURUSD on final wave of Weakness 5th Wave. 2) Trend line showing Bearish Momentum. 3)Pivots Points on Resistance Line.

MR_US30_ZAR

We on Monthly and H4 FIBZONE(50-61.8) which is key reversal areas.

MR_US30_ZAR

-Retest of Neckline of Head and Shoulders. - Elliot's Wave 5 coming. (bigger time Frame and Smaller Time Frame.)

MR_US30_ZAR

Monthly Trendline Resistance Area has Been reached. - Monthly Pivots Resistance Area Hit - Weekly Pivot Resistance Area Hit - Daily Pivot Resistance area Hit

MR_US30_ZAR

1)Head & Shoulder pattern (right shoulder forming). 2)Pivots Buy ZONE 3)Dxy weakness forming that correlates with the bullish move on gold.

MR_US30_ZAR

-Impulse move has been completed -H1 Head and Shoulders -Monthly Pivots Resistance Zone reached

MR_US30_ZAR

-Trend Channel has been broken to the downside, we Have 3 wave impulse move occurring, we on the final wave. -Break of trend completed we no ion down trend.

MR_US30_ZAR

-Trend Channel broken on downside and currently retesting the breakout. -Dollar Index on strength zone which correlates with this analysis

MR_US30_ZAR

-The Current Zone is a Pivot key resistance zone (only valid reason to sell as Price has never reached these levels before -We will sell to form a Head and shoulder Pattern which is a reversal pattern(as described on Image. 3 impulse waves have occurred therefore pull back is a must ion market structure

MR_US30_ZAR

-Support line has been holding perfectly throughout. -Dollar index showing strength on dollar which correlates with prediction of usdzar bulls expected soon.

MR_US30_ZAR

*)Correction wave almost completed ABC *)About to start 12345 impulse wave for USD Strength for NFP.

MR_US30_ZAR

1)61.8 turning point 2) Elliot's wave 3 wave impulse move 3)Bullish Trend on usd across all pairs

MR_US30_ZAR

1) Correction completed, impulse move to begin 2) 61.8 level rejected to continue bullish move.