Premature W Formation has formed on Motus.
Right now it's battling between the sideways formation along with the resistance being the top of the trend line and the boss 200MA...
Once it breaks above there, it will test the neckline. If it tackles through the neckline, only then will it look good enough for upside to come.
But first, we need to wait for break
Target R146.52
Right now it's battling between the sideways formation along with the resistance being the top of the trend line and the boss 200MA...
Once it breaks above there, it will test the neckline. If it tackles through the neckline, only then will it look good enough for upside to come.
But first, we need to wait for break
Target R146.52
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)