This is how I see ASX:UNT traveling for the next 3 weeks. Target around 7.5~8.0 by 25th March 2023. Let's see how this goes. (2H TF)
A possible 300 point correction - if that happens, this is how I see it unravel over the next 3 weeks If there is a daily CLOSE > 7415 then this gets invalidated. Very close to that mark but that is where the best RISK v REWARD lies in going against this huge uptrend (Not all levels can get hit on the given date/time but the overall path towards 7080 could see...
If we get a bullish run from here (@ 6670 now) for the next few days to see upwards of 6900 trade, then I see the following projected path all the way to Feb 2023 where the final hit of 6400 can happen and a sustained BULL run can start for the rest of the year Just putting it our here for now to follow it on the DAILY Timeframe
AUS200 made a low of 6401 on 3rd Oct 2022 & bounced up by more than 400 pts to print a high of 6811 on 5th Oct 2022 But what if this was just a dead cat bounce and not an actual reversal from the longer term downtrend? In that case, I see the next 2 weeks to trade as per the path shown in the chart - time frame is 4 HOURS and not all end points are supposed to be...
NST.ax Northern Star Ltd has displayed a consistent 83 day cycle. This puts 15th March 2022 as a possible date for the high of this cycle with a target of $11.40 (CMP $10.18) - providing a possible upside of $1.22 (12%) in the next 8 trading days.
GOLD is atm a "war commodity" Being at the mercy of factors that are political & martial, it will be extremely difficult to predict how it reacts. Yet, this is my attempt to "predict" a possible path for the next 7 weeks in case the war doesn't escalate beyond what we see now More comments on the chart
Recently, I did a 2 week price pattern projection of BTCUSD which played out very similar to my expectations. I have done the same for AUS200 now. Publishing this one here for record purposes only. No advice given. (the BTCUSD predicted path given below - please replay the bars to see the new candles form after the path was projected)
I am doing a study on major trading instruments like GOLD, BTC etc and I have found that once there is a major move (in any direction) the volatility dies down significantly and a sideways move develops (nothing new in that as we all know consolidation is part of the process). What I have done here is actually given the swing highs & lows for the next 14 days in...