Jubilee ready to crash further to R1.20 with this H&S - SMC
After a horrific crash from R4.22 down to R1.73.
There seems to be a consolidation range at the moment forming the next Head and Shoulders.
The right shoulder is not fully ripe yet, so we can expect a blip of upside to form the RS.
Once the price breaks below, then we'll see the next leg down.
Indicators are confirming downside to come inc.
200>21>7 - Bearish
RSI<50 Lower highs
Once the price breaks below the Neckline we can expect the first target at R1.20
SMC
Above the LS is clearly Buy Side Liquidity.
Smart Money SELLS into positions (and sweeps liquidity) from retail traders who are short (get stopped) and for long traders who buy and enter their trades.
About the company
The company's primary operations are in South Africa and Zambia.
Jubilee Metals Group specialises in the recovery of valuable metals that have been discarded in waste materials from previous mining activities.
As part of their operations, they deal with metals such as platinum, palladium, rhodium, ruthenium, iridium, gold, copper, nickel, and zinc.
The company uses proprietary technology and processes to extract these valuable materials.
The company was initially named "Jubilee Platinum" because of its focus on platinum extraction. The name was later changed to "Jubilee Metals Group" when the company diversified its operations beyond just platinum.
There seems to be a consolidation range at the moment forming the next Head and Shoulders.
The right shoulder is not fully ripe yet, so we can expect a blip of upside to form the RS.
Once the price breaks below, then we'll see the next leg down.
Indicators are confirming downside to come inc.
200>21>7 - Bearish
RSI<50 Lower highs
Once the price breaks below the Neckline we can expect the first target at R1.20
SMC
Above the LS is clearly Buy Side Liquidity.
Smart Money SELLS into positions (and sweeps liquidity) from retail traders who are short (get stopped) and for long traders who buy and enter their trades.
About the company
The company's primary operations are in South Africa and Zambia.
Jubilee Metals Group specialises in the recovery of valuable metals that have been discarded in waste materials from previous mining activities.
As part of their operations, they deal with metals such as platinum, palladium, rhodium, ruthenium, iridium, gold, copper, nickel, and zinc.
The company uses proprietary technology and processes to extract these valuable materials.
The company was initially named "Jubilee Platinum" because of its focus on platinum extraction. The name was later changed to "Jubilee Metals Group" when the company diversified its operations beyond just platinum.
✅ 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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