N91 has begun to put in lower highs and lower lows signaling that it is moving into a weekly low price point. The previous low weekly price is R34.58, we will watch to see if this breaks, however of most important is how price interacts with the median line of the Pitchfork, if we lose that support we can watch for a targeting of the pink support line or the 0.5 line of the Pitchfork. The swing low from that point on a weekly would confirm entry long, more risk accepting investors would enter on a daily swing low price point.
Turning bullish without breaking R34.58 means 17 October 2022 was the yearly low price. This idea would be updated as the cycle unfolds.
Turning bullish without breaking R34.58 means 17 October 2022 was the yearly low price. This idea would be updated as the cycle unfolds.
Trade closed manually