Helly_Baloyi

Helly_Baloyi

With the current stop hunt going on, it is safer to predict that as soon as we reach or have a high peak formation, the price will go down. Following safe precautions, it is safer to enter below 71.715 price

Helly_Baloyi

Almost done with the WVVM formation, waiting to see if we'll have a major stop hunt. Expecting a peak high formation from next week, for now focusing on a possible short sell during the intra day trading

Helly_Baloyi

We saw a low peak formation completing the MAAW pattern, no at V1 level for the WVVM format

Helly_Baloyi

buy signal is up next, waiting for the handle formation to be completed

Helly_Baloyi

We might see a cup and handle movement but it is more likely that we will have a downtrend

Helly_Baloyi

We can expect a breakout and a re-test to start with the pattern

Helly_Baloyi

waiting for the breakout and a re-test the a big buy will follow

Helly_Baloyi

Am expecting sell on Friday during NFP news

Helly_Baloyi

strong rejection on the downtrend which formed a neckline and am expecting a rejection on the right shoulder. A breakout on the neckline will only be confirmed by a re-test and if it fails then a downwards movement must follow for long trades

Helly_Baloyi Updated 

the Elliot impulse wave (12345) was completed successfully and now am expecting a correction wave (abc) after a rejection at 1.14165 and a breakout at 1.13990 which must first re-test and get a rejection to form A.

Helly_Baloyi

the dollar/yen has been going down until a double bottom was spotted 110.467 and an upward movement was made due to the Aussies employment change. the uptrend had a resistant line at 110.891 and was supported at 110.773 hence the head and shoulder pattern was spotted using a 15m time frame