TRADE UPDATE: Thungela showing more downside to R88.70 - SMC
Large H&S sine May 2022
It broke down and has been on a trajectory path downside.
Indicators are still bearish
200 >21> 7 - Bearish (Red)
RSI <50 Red
Target R88.70
SMC: We know the overall trend is down. There has been a BOS (Break of Structure) twice.
And now with the big candle there is a testing zone to see if there is buying or demand.
Once we get a break down, the price will continue on its path to R88.70.
It broke down and has been on a trajectory path downside.
Indicators are still bearish
200 >21> 7 - Bearish (Red)
RSI <50 Red
Target R88.70
SMC: We know the overall trend is down. There has been a BOS (Break of Structure) twice.
And now with the big candle there is a testing zone to see if there is buying or demand.
Once we get a break down, the price will continue on its path to R88.70.
✅ 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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