The JSE Resources Index has been steadily trending higher since 2016. After a pause at the end of 2019 it is again breaking higher. The break has come on low volume over the holiday season but could push higher quickly as volume returns to the market.
This could pose a long opportunity with price targets of 55 & 60. Take care with stop losses as the commodities and precious metals markets seems to be quite volatile at the moment.
Cyclic lines are the repeating vertical lines and will appear equidistant apart and will appear indefinitely into the future.
As time goes on, the vertical lines will keep appearing and will always have the same amount of space between them.
Coincident that the tops and bottoms almost repeat at these vertical lines or intervals?
Might there be upside potential...
SATRIX RESI PORTFOLIO H4 (240 Minute) Timeframe
Reasons For Entry:
- Ending Diagonal
- Supply Zone
Everything Good Yearns Patience And Time
Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors.
This Page has many charts to show setups and patterns for illustrative purpose and no set up given...
