Sibanye could have a MAJOR bounce from here to R45
This is definitely not my usual type of trade setup.
I don't like predicting market reversals.
I don't like catching the bottom and the top
I don't like trading without a solid chart pattern
So I am not taking this trade, but showing a major observation.
There has been a solid support forming over the last few months. Every time, Smart Money brings the price to this level it bounces up and hard.
So we can expect Buying again from Smart Money as they buy into the Sell SIde Liquidity from retail traders.
Then once we get it back to R45.00 and it breaks above there, then we'll really see some serious upside.
The risk is low and the reward is high, so if you like these kinds of trades - this is one for the books.
I don't like predicting market reversals.
I don't like catching the bottom and the top
I don't like trading without a solid chart pattern
So I am not taking this trade, but showing a major observation.
There has been a solid support forming over the last few months. Every time, Smart Money brings the price to this level it bounces up and hard.
So we can expect Buying again from Smart Money as they buy into the Sell SIde Liquidity from retail traders.
Then once we get it back to R45.00 and it breaks above there, then we'll really see some serious upside.
The risk is low and the reward is high, so if you like these kinds of trades - this is one for the books.
✅ 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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