Gold Fields showing strong upside still to R346.54
W Formation formed on GFI.
It looks like a CUp and Handle but the second rounding bottom is more than 50% of the cup, so we call this a Short Formed W Pattern.
In some cases, you can say it's even stronger than the basic as the price failed to make a new low - showing how strong the buying is.
RSI>80 - Bullish
7>21>200
Target R346.54
It looks like a CUp and Handle but the second rounding bottom is more than 50% of the cup, so we call this a Short Formed W Pattern.
In some cases, you can say it's even stronger than the basic as the price failed to make a new low - showing how strong the buying is.
RSI>80 - Bullish
7>21>200
Target R346.54
✅ 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)
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