Theto_Morifi

Theto_Morifi Updated  Jul 8, 2020

UCHF has been performing well since the last post about a week ago. I don't usually post updates as independent charts but this pair is providing a re-entry opportunity to those that may have missed the initial entry or to those who simply would like to double up on their positions....like me. Hopefully you enjoy this setup, if so, do not hesitate to let me...

Theto_Morifi Updated  Jul 7, 2020

On the H4 a lovely 5 wave motive move has emerged and wave 4 confirmation has been complete. This gives the opportunity to ride wave 5 down. Now it may be projected as a double bottom end goal, but this is simply because of wave 1 to wave 5 ratios. Wave 2 is formed by a symmetrical triangle and therefore we count wave three from the top of E within the triangle....

Theto_Morifi Updated  Jul 2, 2020

Interesting setup provided by CJ with an extensive correction structure. These are becoming more and more visible in the market recently and it's quite interesting to see how they pan out. I will be waiting for a break below and retest of the ascending trendline within the horizontal channel with the goal of trading the XZ leg of the corrective structure....

Theto_Morifi Updated  Jul 1, 2020

EU is currently meandering within a bearish channel, of which also seems to be in the exhaustion phase of the overall trend which is bullish on higher timeframes.The bearish channel completes the fourth wave of the five wave motive move to the upside. Although price 1.2000 appears to be the support to the possibly forming flat bottom triangle, 1.22000 serves as...

Theto_Morifi Updated  Jul 1, 2020

Something a little complex heading into the month end week for UCHF. An interesting prolonged corrective structure formed before breaking to the downside and out of a symmetrical triangle. Market has also broken below what seems to be a mass psychology level at price 0.95000. This level provides an invalidation level for the bearish symmetrical triangle we are...

Theto_Morifi Updated  Jun 26, 2020

Lovely and straight forward setup presented by CJ. A textbook 5 wave impulse up followed by the first half of a possible 3 wave corrective structure. In the process of correction, price has formed a bearish symmetrical triangle as per wave count. Therefore making it a continuation pattern. I will be looking to trade the C leg of the corrective structure provided...

Theto_Morifi Updated  Jun 25, 2020

Structure really doesn't get simpler than this. Lovely 5 wave motive move, followed by a complete ABC correction. A bullish flag has formed in the process, followed by a break out of it. Confirmation should be provided by means of a retest. Two TPs set to capitalize on possible short comings of the intended main target. TPs: 1.28000 1.30700 I would be very...

Theto_Morifi Updated  Jun 22, 2020

GJ has performed well with the short phase of the analysis and has now approached a major confluence level. I am preparing to enter the long phase of the analysis- Long. It also happens to be a mediumish- longish term trade. Therefore I have set TP levels along the way to ensure profit and its safety. TP Levels: -136.000 -140.000 -145.000 I have just learnt...

Theto_Morifi Updated  Jun 19, 2020

UR posted as short earlier this week has performed accordingly and has provided an opportunity for the second phase- long of the trade to come into play. Price has formed a double bottom in the process with an irregular neckline. It has broken above the neckline and is retesting. I hope You enjoy this analysis. Please stay tuned for updates for this chart that...

Theto_Morifi Updated  Jun 19, 2020

Silver looking promising, as it has been traveling in a bullish channel with perfect 5 wave impulses thus far, and it doesn't look like it is about to stop anytime soon. Safety and wisdom are part of the pillars I adhere to in my trading and I am sure you have realized that in most of my published ideas so far. I'd rather wait hours for a trade to come into play...

Theto_Morifi Updated  Jun 17, 2020

Gj providing us with a lovely opportunity to go short by signalling a corrective structure after surging from wave two. The presence of wave three in this case is validated by the previous high closing above wave 1. That previous high also ended with a head and shoulders pattern whose neckline has just been retested. Looking to catch the remainder of the...

Theto_Morifi Updated  Jun 17, 2020

EU looks to be in great shape after breaking out of a large contracting triangle and providing a healthy 5 wave impulse to the upside. The 5 waves have unfortunately failed to close above the previous major high and has instead provided a possible Head and Shoulders pattern. I say "possible" because we need confirmation by means of a clear break and retest of the...

Theto_Morifi Updated  Jun 16, 2020

Lovely impulse formation created by EJ for the past week and a half. Looking to capitalize on the fifth provided the sufficient standard of confirmation is given. Entry will only be made after a break and proper retest of the bullish flag created by the 4th wave. 3 TP levels set at possible 5th wave reversal as momentum should be taking a turn given the...

Theto_Morifi Updated  Jun 15, 2020

Very interesting and fun setup provided by UR. Those that enjoy harmonic patterns as a trading strategy might be able to spot an AB = CD pattern across WXY. If you enjoy this setup, don't hesitate to drop that comment and share, I would highly appreciate it. God bless.

Theto_Morifi Updated  Jun 8, 2020

Interesting formation by silver. In this case it appears silver's spike ended up in an expanding triangle. Within this triangle, it is showing moves of three as it bounces between the trendlines. We have a break and retest of a descending trendline, and it looks to be heading to maximum 18.300. However there are two TP levels set along the way at 17.820 and...

Theto_Morifi Updated  Jun 8, 2020

EG has formed a promising head and shoulders pattern as well as a complete 5 wave impulse. According to theory, we should expect a corrective structure of relevant degree. Waves A and B have successfully formed and with the guidance of those two, wave C can be determined. Wave C is currently projected at 100% of wave A, which is confluent with the parallel...

Theto_Morifi Updated  Jun 6, 2020

Gold is still providing some bullish momentum signs according to technical analysis. However with us entering the first week of a new month, anything is possible, especially with precious metals. I absolutely enjoyed this setup and I hope you do too. Two target points are set to capitalize on the possible early reversal of the mirroring of the pole leg just...

Theto_Morifi Updated  Jun 3, 2020

EU has broken out of a symmetrical triangle toward the upside and we could be possibly looking at a 5 wave motive with a 5-3 subdivision character. Looking to let the 4th wave play out and enter for the 5th wave. The target is 1.12300 and not 1.12400. should price break above 1.12400 we may need to prepare for a longer term of bullishness. If you enjoyed...