MR_US30_ZAR

MR_US30_ZAR

Break retest of Trendline Demand zone has been holding at this price for years.

MR_US30_ZAR

-We have just hit the retest of the trendline after the breakout. -Price to drop from this zone. -ABC Correction Move.

MR_US30_ZAR

Looking at Previous Price Action over 3 years there a high probability that we will have a selloff for most of 2024. - TrendLine -Elliot's Wave.

MR_US30_ZAR

Confluence are (Fibzone and Trend line). Momentum on downsize as per moving averages. Dollar strength confirming direction

MR_US30_ZAR

1)Breakout retest of trend line. 2)Weekly time frame candle showing reversal hammer 3)Daily time frame showing bullish momentum at zone( confluence area)

MR_US30_ZAR

1)Price retraced to 61.8 level which is key level for continuation. 2)price also retested on trand line which was resistance before to become support.

MR_US30_ZAR

1)5waves have already happened ,pull back of abc a possibility. 2)Dollar strength across all pairs a good Probability. 3)expecting a Head and shoulder to be completed.

MR_US30_ZAR

We at Fib level of retracement which is confluence with break /retest zone.

MR_US30_ZAR

Price reached its retracement area to continue its long move. (Fibonacci) Which is confluence with all USD pairs/Stock inverse confluence valid

MR_US30_ZAR

We at key level for reversal using the Fibonacci retracement tool. Monthly pivot range is on the bearish trend. DXY is also very bullish now

MR_US30_ZAR

1)Evening Star Forming on D1 2)H4 below the moving average for short and H1 3)Pivot Point Resistance Zone for week

MR_US30_ZAR

1)Fibonacci Level for reversal 50-61.8 2)morning Star formed exactly on Fibonnaci Level USD Strength

MR_US30_ZAR

1)5 wave move down completed 2)retesting previuos resistance which is now support to push further up.

MR_US30_ZAR

1)3wave impulse done expecting pullback 2)Elliot's Wave 3)Pivot point Resistance Zone

MR_US30_ZAR

1)USD weakness ending 2)Trendline Resistance also on eurusd and eurcad, Eur pairs are bearish

MR_US30_ZAR

1)5 wave move complete (ellitots wave) ,Impulse move. 2)RSI over bought showing signs of weakness coming. 3) Mitigation zone for rejection Zone 4)Monthly Pivot Level at its highest zone.

MR_US30_ZAR

1) Double top on weekly is always been turning point (also shown in previous market structure price. 2 )Monthly pivots at extreme highs 3)us30 has same structure and they twins therefore only manipulation due to high amount of sellers on zone stopping the drop.

MR_US30_ZAR

-5th wave on it way of elliots wave to complete DXY Bearish movement -it will retest on previous resistance now support.