JSE ALSI setting itself for downside to 67,985 due to the bad R
Inverse Cup and Handle has formed on the JSE ALSI 40.
We need the price to break below the brim level and all hell will break loose.
MA 21>7
RSI < 50
Target 67,985
FUNDAMENTALS.
The rand is majorly in trouble, R19.80 to the US Dollar and R23.90 to the pound.
Is this because of load shedding. Is this because people are leaving the country due to the inefficiencies of the government. Is this because of the world markets coming down? Or is it a combination of all.
Whatever it is, we are seeing downside to come.
We need the price to break below the brim level and all hell will break loose.
MA 21>7
RSI < 50
Target 67,985
FUNDAMENTALS.
The rand is majorly in trouble, R19.80 to the US Dollar and R23.90 to the pound.
Is this because of load shedding. Is this because people are leaving the country due to the inefficiencies of the government. Is this because of the world markets coming down? Or is it a combination of all.
Whatever it is, we are seeing downside to come.
✅ 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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