W Formation has formed on Daily with a striking up candle breaking above the neckline.
With MAs we have 7>21 - Bullish
Price > 200MA Bullish
RSI>50 >70- Bullish
Target R4.29
Concerns:
The 7>21 is still below the 200MA which signals the downtrend is still in place.
With MAs we have 7>21 - Bullish
Price > 200MA Bullish
RSI>50 >70- Bullish
Target R4.29
Concerns:
The 7>21 is still below the 200MA which signals the downtrend is still in place.
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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)