Broadening Pattern has formed with Capitec.
When this pattern forms it bounces between ranges.
Right now it bounced off the top of the range, and is most likely to come down 50% from the most recent rally.
Once it comes down to a target of R2,400 then it could consolidate move sideways and then breakup to the next target at R2,900.
This is a little different from breakout trading, but I was asked for an analysis around this.
When this pattern forms it bounces between ranges.
Right now it bounced off the top of the range, and is most likely to come down 50% from the most recent rally.
Once it comes down to a target of R2,400 then it could consolidate move sideways and then breakup to the next target at R2,900.
This is a little different from breakout trading, but I was asked for an analysis around this.
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✅ Facebook:
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.