MTN going up to R136.82 before going down to R90.29
Head and Shoulders formed on MTN yet again.
Price<200 21>7 - Bearish
RSI<50 bearish
Target R90.29
SMC (Smart Money Concepts)
Bearish Fair Value Gap formed hence the big candle down.
Now due to the 1st and 3rd candle not overlapping, means we can expect the price to move up close the gap before moving down again
This gives a buy signal on the short term side with the Bearish FVG to R136.82
Price<200 21>7 - Bearish
RSI<50 bearish
Target R90.29
SMC (Smart Money Concepts)
Bearish Fair Value Gap formed hence the big candle down.
Now due to the 1st and 3rd candle not overlapping, means we can expect the price to move up close the gap before moving down again
This gives a buy signal on the short term side with the Bearish FVG to R136.82
✅ 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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