Get started
timonrosso87

JSE ALL SHARE 40 - Bull Trap - Inverse Cup and Handle - 25 May

Short
South Africa Top 40 Index (JSE:J200)  
timonrosso87  
JSE:J200   South Africa Top 40 Index
Chart Patterns Fundamental Analysis Technical Indicators jse ALSI alsi40 southafrica
2
0
chartpattern fundamental indicator jse alsi alsi40 southafrica
The JSE ALL SHARE 40 seems to be forming two bearish patterns.

1. An Inverse Cup and Handle where the price is about to break below the brim level sending it down.
2. Bearish pennant which is tricking many traders into a bull trap.
I may be wrong and this might be the bottom but in my 2 decade career, I've learnt to go with the trend until it confirms an end.

So I am going short JSE ALSI 40 today.
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.