W Formation formed on NEPI.
It's a W Formation because the second rounding bottom is more than 50% the height of the first.
Nature: High probability analysis
Price>20
Price>200
Uptrend (Safety line - check)
First target will be at R159.60
I personally don't have experience trading this market, so not sure how it will play out - but the candles and liquidity seem ok.
It's a W Formation because the second rounding bottom is more than 50% the height of the first.
Nature: High probability analysis
Price>20
Price>200
Uptrend (Safety line - check)
First target will be at R159.60
I personally don't have experience trading this market, so not sure how it will play out - but the candles and liquidity seem ok.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly 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.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly 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.