Timonrosso

Multichoice showing upside before downside thanks to GAPS - SMC

Long
JSE:MCG   MULTICHOICE GROUP LTD
Sell Side Liquidity Order block - Bullish
This is seen by a very strong support that's formed since October 2022.
We also have had a FVG (Fair Value Gap) Candle. This is where the previous candle and the third candle hasn't filled the orders.
That's why we expect the price to go up, fill the gap and then possibly turn down from here.
Target R140.00

If the price breaks below Sell Side Liquidity- this analysis will be null and void and all signs will point to shorts.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

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