TheDavo90

TheDavo90

Looks like btcusd is forming a symmetrical triangle. Worrying sign is that ethusd is not correlated with btcusd right now, and looks ready for breakout. Due to the fact that these 2 pairs usually correlate, one of my analysis is probably wrong at this point..

TheDavo90

ETHUSD completing textbook 4th wave. 5th wave probably good to go soon.

TheDavo90

Been wrong too many times, but still, the signs are there.Again.. haha - Bearish divergence showed - Ending diagonal formed - Afterwards, 22% spike upwards. - Now: Expect pullback, and if this is a new impulse, large growth after that.

TheDavo90

If the count is correct, the oil price can come down quite a bit. - 5 waves up can be counted - ending diagonal seen - bearish divergence seen

TheDavo90

- Bearish divergence - Ending diagonal in 5th wave - This correction could influence Naspers and the SAtop40 all together

TheDavo90

I would look to go long in these two areas. - .618 fib level - .786 fib level

TheDavo90 Updated 

Currently counting a 3-3-5 flat correction. Slight change from previous count. - Now in the final wave down - Should reach R13 within the next week or so

TheDavo90

Looking at a retracement range between the following 2 values: - .618 fib retracement - 1:1 extension of a-b to b-c (C = length of A) Potential long opportunity when those ranges are met.

TheDavo90

- Seems like SBK is reaching the end of subwave 3 - I expect a pull back to MIN R184.00 (If it goes lower, the wave count is invalid) - Nearing the top, I'll be looking for bearish divergence

TheDavo90 Updated 

USDZAR sitting at the .5 fib level (50% retracement level) Ultimately, we might retrace to the .618 fib level (+-13) Right now I believe a bounce might be expected due to the following reasons: - Ending diagonal forming with bullish divergence - If we are doing a 5 wave down structure (final 5 waves down to reach Y), we might be entering wave 4 (bounce) - If we...

TheDavo90

Looking at a long term short opportunity - Currently seeing retest of long term trendline - .786 fib retracement level reached - rising wedge forming as well

TheDavo90

UPDATE. Previous count edited slightly - I still think we are going up - No idea what happened this morning. Massive instant drop.. - My mistake might have been thinking we can get an symmetric triangle in the 2nd wave. Apparently that's not possible by EW rules. - I now count the low of this morning as the end of wave 2.

TheDavo90

#Telkom might be running into some tough resistances after a long uptrend earlier this year. - Retest of long term trend-line - Bear flag forming - Last but not least, .618 fib retracement level reached All 3 these reasons are sitting at the same point. Maybe a last effort or bull trap waiting, but I expect a drop

TheDavo90

We might actually be in a new impulse wave up - We should see fairly good strength now, as we are entering wave 3 - Correction ended up touching the .786 fib level. BTC has a good history with .786 fib levels. - Strong bullish divergence seen - 5 waves down in wave C is clear. Signals end of correction (Short term at least)

TheDavo90

Short term retracement expected for oil. - Bearing divergence - 5 waves up potentially formed already - Forming a ending diagonal of sorts

TheDavo90 Updated 

If the last bottom was the final bottom, we could see WHL trending upwards for a long time Larger timeframe almost retraced to the .618 fib level Latest uptrend saw 5 waves up, indicating pattern reversal Currently, I believe we are in wave C of the retracement, meaning we can retrace +-10% to reach .618 fib level. Keeping a close eye on this one

TheDavo90

Life Healthcare Group Holdings Ltd has retraced to the .61 fib level, and is showing bullish divergence. This is a monthly chart, therefor this is quite a long term idea.