ForexFox_SA

In daily time frame the price is in the correction phase. The correction type is a barrier triangle and the barrier is above the price (2725). In theory this type of triangles indicates that the price will move beyond the barrier after completing the 5 waves. Now the 4.th wave downwards is about to start and the target is 2663-57. After price touches there highly possible the price has the support from there and again move to 2725 and breake it this time. The vertical lines are the predicted dates for the moves indicater with arrows. This are my predictions not an advice for any investment.

In daily a tirangle with a top barrier is forming and the upper barrier is on 2725-35. When price hit there may face the ressistance and bounce back and reaches 2663-2655, then bounce back and breaks the upper barrier to go further something like 2764. This are not advices just my predictions. Also you can check what I predictid on 3rd of Jan.

My former idea suggests that the price move is in the B upwards correction wave in weekly time frame and it still looks accurate. I believe this up move in 4 hours will turn in to a trend. Momentum is good, indicators are positive. 2728 is my target. 5th wave possibly falls short as shown. I am waiting for a buy signal from 2642-38 if not maybe little bit lower. 2611 is my exit price.Yes it is happening.

In the weekly time frame we may be in the phase of correction A and B may be forming now and this move may lead us to 2726 first and then 2791 after because up move is strong. Than maybe price starts falling . Technically it is possible to hit 2535 but considering the global enviroment 2600 can be a support. But no one knows yet. Middle and the left one showe the subwaves. The first in the left is not fully shown but it looks like 5-3-5 correction has been completed. Following the daily close will give more data to predict actually. In daily it is still bearish but in 4h it may start and up move. In weekly it is bullish. If price is above 2610 this possibility will be still valid.

My short time projection based on ichimoku theories as above. I am expecting that price hit the around of the relevant price targets around reletad dates shown by the vertical lines.Tried to reach the upper band of the yellow zone and could not make it. Down movement has been started. The following week I am expecting a downward movements and before the week ends the price will be around 2330+40.

Short time target was around 2415-2420 and it is reached. Downward movement is beginning and I believe this is have it reaches the price target below. Please do not forget this is my prediction and may not occur. Thanks for checking.

The price if breaches 2416 , may rise up to the 5th yellow wave which is also the 2nd black wave . Then if price can not cross the red resistant line and subsequently the price 2453 above, the black trend continues and the 3rd wave can reach and breach the top of the ciritcal support zone and this short time trend ends around the price 2293 . The alternate daily green story is the price bounces back from 2364 which is the top border of the critial support zone. If the price breaches 2440 and the 2453 area this will be a confirmation that the big green A,B,C movement in the daily period is being confirmed and in the second half of the August the price can be around 2550. The weekly price movement says that the 4th correction way to downwards about the start, therefore the black trend move is more likely to happen. Thanks for reading.

I am waiting for the 5th wave in 4 hrs chart to enter a buy position around 2415.If down move continues and price breaches 2408 my next target is 2388. Thanks for reading.