Mhangwane1

Mhangwane1

Daily The beginning of a reversal (to the upside) the completion of todays candlestick will help confirm that. It looks to be forming an evening star right at the top of the resistance which adds to our confirmation. 4H We definitely are still on the right track but we are still just slightly early. Got the test of the previous resistance (39620) correct just...

Mhangwane1

UPDATE 4H We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction. 1H We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to...

Mhangwane1

Update 4H We have been moving up. 190.550 was and still is our current support. 15Min The reversal candles we just had showed us extra opportunities. The RR is just shy of our ideal RR, hence the SL (190.65) is tight, but the TP (191.25) is the same as the previous trade.

Mhangwane1

WEEKLY Highest high, peak, top price. 18467, we bouncing around these areas and that is indication of more bulls to come. For now it's first a matter of getting momentum to go. DAILY 18300 being the strong level of rejection with wicks all over the place is signs of reversals we would anticipate them going down and falling hard. 4H Aiming down, possibly to...

Mhangwane1

WEEKLY Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement. DAILY 152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation. 4H It's just more consolidation, up and down, averages no...

Mhangwane1

WEEKLY Spinning tops at the current price (190.60), therefore we wait. DAILY 190.00 looks to be the rejecting price, we are moving up. 4H 190.60 is a strong level we bounced of and had candlestick confirmation to the upside. 1H 191.30 is where we are anticipating 15min 190.40 was our resistance and turned into our support

Mhangwane1

So wrong or just too early. Mid way we were moving following our analysis and the bulls just gained energy but that's okay. I did have quite a bad week so it would have affected my thoughts. Currently 39450, were we anticipated the major drop is where we can adjust and rework our analysis from 1W down to 15min. Weekly we have a strong bearish candle, which...

Mhangwane1

Stay watching and waiting. I would prefer price coming down to 18180 before I enter. This will confirm my bull run that I see when I zoom out.

Mhangwane1

We are still waiting for the move. This rejection of the price 151.50 is an indication that price is being squeezed. We can therefore anticipate an impulsive more.

Mhangwane1

Short-term I do see the sell, the more I zoom out the more I see the buy for longer term purposes. LL's below 18180 I would see the bears strength for now I'm forecasting bulls coming in and taking over but firstly we are going to stay patient and just watch.

Mhangwane1

Third touch and rejection of 151.80 (1st confluence) Engulfing of the previous candles(2nd confluence) Impulsive break of previous low (3rd confluence) I see no reason to hold back. Trade Idea : Sell Stop (waiting for rejection and continuation) SL - 151.35 Entry - 151.05 TP - 150.05

Mhangwane1

Let's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down. 1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet. RISKY TRADE IDEA, enter the market with sells...

Mhangwane1

We are on track and going very nicely to what we wanted before we go with the market. Keep holding that patience and stop those fingers from executing any trades. As we move lower, think of possible moves which could invalidate the forecast: Bull momentum taking over New rejection level Fake outs to the downside Major news announcements Wrong psychology Wait,...

Mhangwane1

Good thing we were patient and stayed out. Following the previous post, I had not set out an idea. This was just placed and not taken. Now we have a better idea as to where and what to do: We waiting for the retest on the rectangle and confirmation of bull movement before we set out our buy stops and market entries to go with the bull run.

Mhangwane1

We are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain. Wait for the break of the current channel. Waiting for retest Enter - Those are the rules for this idea before we even enter. It looks tempting and a break of 151.200 looks like the...

Mhangwane1

If you had taken the trade idea early you would be stopped out. Momentum is slow 191.57 we had a double rejection (Double Top) Don't be bias and stick to a direction, stick to market movement and direction. Wait for the close of the next hour and candlestick confirmation (Evening star, dojis, rejections) in order to determine whether we are stay up or faking...

Mhangwane1

Straight forward, this is bullish and has no reason to stop being bullish. HH and HL are the indications of the strength of this trend. Within the channel is where the action is. Current price we bearish. For now stay away from the trade idea but rather on the movement of price. We melting downwards, which resembles the supply but not the demand because it could...

Mhangwane1

Sum of the averages within the blue boxes and that is still what I am seeing. I had a great long last week but was taken out by the SL in profit, yet it went the full direction of the forecast. We seeing a flag forming that is slightly bearish, which would allow us to place buy stops just above and a SL below the flag low, but this is the high price Nas has ever...