Broadening Formation (Megaphone) has formed on the daily,
The indicators are all showing bearish but I can't help but feel that the breakout will be up.
Regardless, price action is saying the following
Trend direction down
7 < 21 < 200
RSI =50
Bearish
So, once we get a breakout we will know exactly what to do.
The indicators are all showing bearish but I can't help but feel that the breakout will be up.
Regardless, price action is saying the following
Trend direction down
7 < 21 < 200
RSI =50
Bearish
So, once we get a breakout we will know exactly what to do.
Kommentar:
We got our downside break and the price has been continuing to R117.21. Looks like R110 is on the cards next.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)