MONDI looking great on paper to R330.00
W Formation is forming clearly on the daily.
We need the price to close above and for the price to open above the breakout level.
There are mixed signs with indicators (but this is normal during a change in trend)
7>21 - Bullish
Price<200 - Bearish
We need the price to move above 200MA to ensure upside to come.
RSI>50 - Bullish
R330.00
SMC:
Below the W Formation, we see strong Sell Side Liquidity Order Blocks. This is where Smart Money has swept the selling from dumb money, bought into it and hence the price has pushed up.
We need the price to close above and for the price to open above the breakout level.
There are mixed signs with indicators (but this is normal during a change in trend)
7>21 - Bullish
Price<200 - Bearish
We need the price to move above 200MA to ensure upside to come.
RSI>50 - Bullish
R330.00
SMC:
Below the W Formation, we see strong Sell Side Liquidity Order Blocks. This is where Smart Money has swept the selling from dumb money, bought into it and hence the price has pushed up.
✅ 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)
Penafian
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