Short term SPI update.

Daily chart is the focus here showing the previously anticipated bearish pivot.This analysis also applies to XJO where we had a complex bearish pivot( XJO chart not shown).This bearish pivot did reverse the short term bias to negative or at best flat. What can be the pivot ( bearish in…

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PRECIOUS METAL OUTLOOK.

Weekly chart and a clearly defined rising peaks as well as troughs  defining the uptrend ever since the breakout.A must hold support level, for this uptrend to be still considered in effect is also shown at approx. 1450 level.We are seeing a consolidation  at current levels( see top box) after hitting…

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TELSTRA OUTLOOK.

Rangebound price action behaviour summarises the current intermediate term trend of Telstra which has been in effect since early 2018.With clear boundaries of the congestion one may utilise the edges of congestion zone for a long or short position in either direction on a successful retest.These trades,if taken, should be…

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SPI Update.

Corrective/counter-trend move within a major down trend is currently in effect where potential C wave may be unfolding.All evidence so far is indicative of it ( C wave unfolding).Target of C is shown on the chart which is in the vicinity of the Fib. Golden Mean retracement. A tentative up trending…

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