Break above downtrend has occurred for the first time since 2022... This isn't a breakout pattern that I normally look at, but it's still a breakout move. Price<200MA (elastic) This means, the price has a likelihood of moving up to the 200MA (Equilibrium) to take out the inefficiency. Target R177.42
BREAKAWAY GAP formed in December, and since then the price has been coming down. Now that the orders have balanced at the "bottom" means, we could see a gap fill soon.
SMC: Sell Side Liquidity Order Block this is where there is Buying from Smart Money. Hence there was a strong move up. I'm cautiously bullish with Mr Price.