Monday, 5 November 2018

USD/ZAR

The "Polly" gang complaints against me have led to a ban on Sharechat, but only for me. It would appear that I am found guilty of dastardly deeds like trying to deal with a range of con artists whilst the Sharechat admin smokes pot and as the saying goes: If you are not a part of the solution then you must be a part of the problem.

The retrace of the first wave is often required before the count can be confirmed as bullish or bearish. With resistance to any Rand strength at 14.00 it appears to have been waiting for some important news. The first wave down from the top has 5 legs which may lead to a 5-3-5 correction with a target near iv. However, the support at ii suggests a bounce into the main action of wave (iii) can also be on the cards unless breached then expecting 14.00 to give way.


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