JSE ALSI has chosen a direction - DOWN
M Formation has been forming since January 2023.
We had a break up, test and it failed.
THe market has continued to make lower highs showing the sellers and supply have domninated the market.
It's important to hedge shorts during these times and ride the markets down.
Other indicators show downside:
7=21
Price<200
RSI<50
Target 56,483
We had a break up, test and it failed.
THe market has continued to make lower highs showing the sellers and supply have domninated the market.
It's important to hedge shorts during these times and ride the markets down.
Other indicators show downside:
7=21
Price<200
RSI<50
Target 56,483
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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