Mhangwane1

Mhangwane1

Last week we saw what happened. Yet we said we'd just watch, good thing SL protected us and kept us safe.

Mhangwane1

Watch this explode next week. This consolidation if you have back tested GJ, then you should know what to look for (adjusting accordingly to your plan, not to what you saw on IG). Next week either market open or mid week we are going to have an explosion. Using my experience from back testing GJ, it will usually hit both sides (It triggers both sell stops and buy...

Mhangwane1

BELIEVE IN YOUR ANALYSIS. It's why I advise to unfollow all traders on all your socials, it plants seeds in your mind whenever your search their name, see their posts or mentions. You shouldn't be on your socials that much, you should be refining and making your skill an edge for any market condition. Close your laptop, it's Friday, enjoy your weekend. But...

Mhangwane1

And because we didn't take it. Clap hands👏🏾👏🏾👏🏾👏🏾👏🏾. The lack of alignment with my risk management and my trading plan has afforded me a lesson which cost no physical Rands only time. ********BELIEVE IN YOUR ANALYSIS******** It's been a hard week, my focus hasn't been 100% but I'm glad I did not force to trade.

Mhangwane1

Not advisable because it does not follow my trading plan or any of my rules but it's worth the watch

Mhangwane1

Triple Bottom Formation - waiting on impulsive bearish candle - that entry is where I will enter once there's an impulsive bearish candle and either a retracement or consolidation of candles

Mhangwane1

Very textbook and straight forward. Its been impulse, correction (accumulation), impulse and by now if you watched carefully you should have 3 entry points by now.

Mhangwane1

This is so beautiful🤩🤩🤩🤩. It's Textbook, this is as close as perfect copy and paste you'll see when learning. Impulse down, a bit of correction, impulse down, retrace and continuation.

Mhangwane1

I guess we had to wait and see. Those that did should be handsomely rewarded, those that entered early hopefully either your SL protected you or it was big enough to allow it to reject and drop.

Mhangwane1

Be an guide in your analysis and explain it as if you are explaining to a student. Once you practice getting confident in your analysis, your forecasting goes to another level and you quickly reset when you make losses, mistakes or have an oversight.

Mhangwane1

It looks more detailed over 15min, which should further guide your decision. Yet if you also look at the 1H you will also see the exact same thing just not as much detail.

Mhangwane1

More development from the market and more information. I'm not gonna enter the market as my head space isn't as great and my internet is quite shaky so I would rather be smart and stay out, than force and get hurt,

Mhangwane1

Markets have spoken and we will watch and keep waiting.

Mhangwane1

We have our impulse, now we wait for the retest and we enter on continuation. 1. Reversal within the channel 2. 3rd touch on the smaller 15min channel (Top Part) 3. Candles have reduced in size, indicating a smaller demand = less supply 4. Impulse bear candle

Mhangwane1

I want to say "control C and then control V" from the US30 analysis but we are not parents that believe all their children are the same. They may have similar traits but they are not the same. Zoom out and you'll see that the current phase is a correction after the touch on the BLUE LINE, it impulsed up and is now correcting. We are waiting for impulsive candles...

Mhangwane1

This muscle called the heart sitting behind my sternum, is about to break my sternum because of emotionally filled answers and observations. It wants the market to break down and keep falling. So let's do the money thing and put it aside and let the brain take over. We only have one confluence 1. Channel within a channel Due to lack of confluences, we will...

Mhangwane1

My heart wants to forecast but knowing that muscle, I'm gonna follow logic🤣🤣. 1. Double top (M formation) on the 1H chart 2. Correction of the bigger trend 3. There is no 3rd confluece as of yet, so WE WAIT BEFORE WE SET OUT ORDERS

Mhangwane1

Waiting on the impulsive break either up or down. Whichever way the market breaks out and retest's is where we look for entries. My forecast see's a possible inverse H&S, so until it is complete and the neckline is broken. WE WAIT AND WATCH👀👀😎😎