Bear flag will be confirmed once price closes below R850. First target is R800 and 2nd target is R660. Wait for confirmation, otherwise price could start going sideways here.
Trade active
Idea is still active with the bear flag continuing during the week. A close below yesterday's lows of R884 would trigger the short idea which looks very likely.Trade closed manually
Bear flag has not played out. We had a short selling recall last week which triggered the big move up only for it come straight back down 2 days later. Seems to be stuck in a range and no certain set up for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.