Head and Shoulders has formed ont he dail since Early 2022... The price broke below the neckline and has since then, been showing lower highs within the down channel,
We also have confirmed downside with the Moving Averages.
Price< 20 and <200
It looks bleak but the system is the system, so the first target is set to R76.08
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.