Anglo Plat showing strong upside with inv C7&H to R1,500
Inverse C&H has formed on AMS over the last month and a bit.
This has been the consolidation range as the downtrend seems to be coming to an end.
We are seeing signs that the price is nearly ready to break up and out of the pattern.
7>21
Price<200 - But the price need to go back up as it acts as an elastic.
RSI >50
Target R1,500
SMC
Sell Side LIquidity Order block has formed below the handle of the cup
Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.
Bullish Bias
This has been the consolidation range as the downtrend seems to be coming to an end.
We are seeing signs that the price is nearly ready to break up and out of the pattern.
7>21
Price<200 - But the price need to go back up as it acts as an elastic.
RSI >50
Target R1,500
SMC
Sell Side LIquidity Order block has formed below the handle of the cup
Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.
Bullish Bias
✅ 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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