Break in Uptrend structure confirmed and we are no longer in an uptrend.
We've been in a sideways range and now entering a bear market as of today.
We now have a largeish Inv Cup and Handle with a few bearish signals.
21>7 - bearish
price>200 - Bullish
RSI <50 - Bearish lower highs
Target R2,766.00
WARNING
Even though we expect the price to drop, it's only correcting back to the 200MA zone.
Once the price gets there, we'll see a test between the bulls and bears before a chosen direction is established.
We've been in a sideways range and now entering a bear market as of today.
We now have a largeish Inv Cup and Handle with a few bearish signals.
21>7 - bearish
price>200 - Bullish
RSI <50 - Bearish lower highs
Target R2,766.00
WARNING
Even though we expect the price to drop, it's only correcting back to the 200MA zone.
Once the price gets there, we'll see a test between the bulls and bears before a chosen direction is established.
✅ 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
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅ 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
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.