TRADE UPDATE Woolies hit take profit
M Formation formed on Woolies along with bearish indicators.
The target was hit at R64.00.
Now we are seeing Sell side liquidity where smart money is coming in sweeping all the selling side (buying into their orders) which could push the price up.
We can expect chop with upside in the next few days but no real signal has been given for a buy.
Will wait for the formation in the meantime.
The target was hit at R64.00.
Now we are seeing Sell side liquidity where smart money is coming in sweeping all the selling side (buying into their orders) which could push the price up.
We can expect chop with upside in the next few days but no real signal has been given for a buy.
Will wait for the formation in the meantime.
✅ 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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