JMIA: Perfect cup and handle example
Updated
The target of this almost perfect cup and handle on JMIA was reached.
Next scenario:
-Pullback to 28,24 and 20? and then resume the uptrend towards 41 and the next fibo extension at 62?
-OR consolidation around the current level.
The TD sequential is on a 9 daily and the price level is at the 41.47 resistance.
I remain neutral-bearish short term and bullish long term.
Next scenario:
-Pullback to 28,24 and 20? and then resume the uptrend towards 41 and the next fibo extension at 62?
-OR consolidation around the current level.
The TD sequential is on a 9 daily and the price level is at the 41.47 resistance.
I remain neutral-bearish short term and bullish long term.
Note
As mentioned above, we are now reaching the 28usd level.Next: bounce or 24?
Share your thoughts!
Trade active
Next target 24Trade closed: target reached
24.6 touched on Dec 2.Consolidation ongoing between 28 and 42.
Trade active
Ready to break 42?
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