Timonrosso

Timonrosso

We have seen a textbook Falling Wedge form on the Daily with the Dax. It seems like there has been a consolidation (range bounded) move before the next direction. So looking at the indicators and sentiment of the markets, in the medium term it looks like DAX is destined for upside. Along with the main markets like S&P500 and Crypto. We just need the price...

Timonrosso

Bitcoin from the last update has completed the consolidation range while moving in a Falling Wedge. It has broken above the resistance now and is showing upside to come. The question arises whether we will see $100,000 this year. If greed and mania kicks in then yes it could rally. BUt where there is greed there is fear. So I don't actually think we will...

Timonrosso

Inv Cup and Handle has formed on First rand. Price<20 and <200 which makes it a Medium Probability trade. But judging by the large down candle and the Fair Value Gap - means momentum is strong to the downside. Target R64.47 This is strange considering how bullish the JSE Top 40 is looking. So it might be either a large fakeout or there is downside to come...

Timonrosso

High Probability Analysis has lined up with the J200 (JSE Top 40) We have three bullish confirmation signals including: 1. Up channel (Between the two ray trend lines) 2. Cup and Handle (Wait for break for complete confirmation) 3. Price>20 and 200MA Target 85,321 Great for upside and buying stocks with the JSE!

Timonrosso

Since the last update, M&R was heading up on a smooth trajectory. The bears probably thought it was going up too quickly and too soon. So there is a temporary pause in the uptrend with the inv cup and handle. We are likely to get an uptrend test to see if there are any sellers around that area. If ther price bounces from there or anywhere around the higher...

Timonrosso

Since the price broke abbove the W Formation and the Price went above above 20 and 200 THe momentum and buying just took off at an alarming rate. So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis. So what now? Now, it's in a dangerous area. The trend is so steep it can come down just as fast. If...

Timonrosso

Inv Cup and Handle has been forming on Aspen. The price is >20 and 200 showing that the momentum is down. I am eagerly waiting for a strong break below, before I look at getting into a long holding short (sell trade). My first target will be at R151.06

Timonrosso

Medium Probability Analysis has formed on TCP. The price is below the 200 and above the 20MA. But what's important from the last update is the support level has been tried and tested and is strong at R2.30. Hopefully it is impenetrable and will keep the buying and demand up. The W Formation has formed, broken up and now we need a strong push from buyers...

Timonrosso

Arc from the last update completed the W Formation. It finally broke above and what pressure there was for the buying and demand to kick in. The Price is above 20 and 200 and the momentum is strong on the up. This is a high probability long (buy) analysis Target R2.22

Timonrosso

W Formation formed on Calgro. The price has broken above 20 and 200 MA. And despite the market crashing JSE, Calgro is heading on its way up. So the first target will be at R7.41.

Timonrosso

Since July, Stadio has been in a a strong trend up. I've drawn a diagonal Rectangle pattern showing the support and Resistances. So if the Path continues, we can see it coming a bit down before making it's way up to R6.70. We need to be aware of the support and resistances and if there are any breaks, the analysis may change. Until then it's going up.

Timonrosso

M Formation has formed over the last few months with the EUR/ZAR. The price broke below the support which has become the resistance. ANd the price has been coming down on a trajectory to the psychological level of R19.00. Now, if it breaks down further, I might be too optimistic but it looks like the next target could hit is R17.85. What are your thoughts?

Timonrosso

We are revising the analysis from last time City Lodge. It formed a Falling Wedge which almost touched the stop loss. The price broke above both W Formation & Falling Wedge and has formed a strong uptrend (safetyline) So the high probability analysis still stands with Price>20 and 200 Target R5.35

Timonrosso

W Formation has formed after 2 more breakout patterns before. They are looking great for upside and the high probability trade is set with Price above both 20 and 200. First target set at R4.75

Timonrosso

Cup and Handle has formed after months and has finally broken above. And now the bulls and uptrend is in tact. It's also confirmed a high probability analysis with Price>20 and 200 Uptrend (safety line) Target will be set to R7.37

Timonrosso

Since the first target was reached, we then had a Trend traders haven. Then we had a CUp and Handle form which broke above confirming upside. The analysis turned into a high probability analysis with Price>20 and 200 The second target is therefore on par to R494.75

Timonrosso

Cup and Handle has formed on the daily. The pattern has formed since May 2023 and only now recently it's broken up. SO this is a massive analysis and a High probability analysis whiich is likely to work out. Also the Price>20 and 200 So the first major target is at R140.37

Timonrosso

Inv Head and Shoulders formed over the last two months. This broke above the downtrend and it formed a Medium probability trade until two days ago, Now it's set for a High probability analysis with Price> 20 and 200 Target R1.81