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Timonrosso
Jul 12, 2023 10:24 AM

JSE ALSI 40 looking good for upside - 15 minute Long

South Africa Top 40 IndexJSE

Description

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)
Comments
AMIT-RAJAN
Nice chart! nice pattern identification, thanks for sharing
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