Technically an Inverse Cup and Handle has presented itself.
The breakout below the brim level is still quite a weak breakout, but the stop loss is quite wide to give leeway.
Fundamentally, Inflationary measures and rising interest rates are going to have a ripple effect around the world. The JSE will also following leading markets, which will bring it down. I'm going short...
What do you think?
Kind regards,
Timon Rossolimos
CEO, MATI Trader
The breakout below the brim level is still quite a weak breakout, but the stop loss is quite wide to give leeway.
Fundamentally, Inflationary measures and rising interest rates are going to have a ripple effect around the world. The JSE will also following leading markets, which will bring it down. I'm going short...
What do you think?
Kind regards,
Timon Rossolimos
CEO, MATI Trader