Timonrosso

JSE ALSI 40 looking good for upside - 15 minute

Long
JSE:J200   South Africa Top 40 Index
Inverse Head and Shoulders has formed on the 15m.

Downtrend is also abolished.

We can get a test at the new support before it rallies on up to 71,416.

This might give a conservative entry level for bulls, before the next leg up.

The daily trend however, needs a lot more upside before we get into a Bull trend (but hey it's a start)

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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