W Formation formed on GFI. It looks like a CUp and Handle but the second rounding bottom is more than 50% of the cup, so we call this a Short Formed W Pattern. In some cases, you can say it's even stronger than the basic as the price failed to make a new low - showing how strong the buying is. RSI>80 - Bullish 7>21>200 Target R346.54
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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