JSE ALL SHARE 40 - Bull Trap - Inverse Cup and Handle - 25 May
The JSE ALL SHARE 40 seems to be forming two bearish patterns.
1. An Inverse Cup and Handle where the price is about to break below the brim level sending it down.
2. Bearish pennant which is tricking many traders into a bull trap.
I may be wrong and this might be the bottom but in my 2 decade career, I've learnt to go with the trend until it confirms an end.
So I am going short JSE ALSI 40 today.
1. An Inverse Cup and Handle where the price is about to break below the brim level sending it down.
2. Bearish pennant which is tricking many traders into a bull trap.
I may be wrong and this might be the bottom but in my 2 decade career, I've learnt to go with the trend until it confirms an end.
So I am going short JSE ALSI 40 today.
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