JSE ALSI Setting itself for upside? Maybe we don't sell in May?!
JSE ALSI 40 -
Cup and Handle seems to be forming on the ALSI 40,
We need to wait for a breakout to the upside.
Price >200MA
RSI>50
Target 79,178
I prefer banking money when markets go up than down. So this might be the saviour for May with the JSE ALSI!
SMC: We have a Sell Side LIquidity area below the new Handle. This is where Smart Money has come and swept through selling (Long traders stop losses) and (Short traders entries). They have bought into these orders, which is pushing the price up.
Super bullish signs from the big boys.
Cup and Handle seems to be forming on the ALSI 40,
We need to wait for a breakout to the upside.
Price >200MA
RSI>50
Target 79,178
I prefer banking money when markets go up than down. So this might be the saviour for May with the JSE ALSI!
SMC: We have a Sell Side LIquidity area below the new Handle. This is where Smart Money has come and swept through selling (Long traders stop losses) and (Short traders entries). They have bought into these orders, which is pushing the price up.
Super bullish signs from the big boys.
✅ 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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