UPDATE SOUTH32 Target reached at R37.31 - Watch out
Since the Inverse C&H, the price broke below the brim level and since then has been on a downward trajectory.
The downtrend, was the other confirming indicator that this was about to drop.
I definitely didn't expect the drop to be short and explosive, but for a trader it's always better to be in and out.
Now, there will most likely be some chop in the middle, which will scare both buyers and sellers. Best to do is wait for the next formation before jumping.
I'll let you know.
The downtrend, was the other confirming indicator that this was about to drop.
I definitely didn't expect the drop to be short and explosive, but for a trader it's always better to be in and out.
Now, there will most likely be some chop in the middle, which will scare both buyers and sellers. Best to do is wait for the next formation before jumping.
I'll let you know.
✅ 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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