Two bearish chart patterns on the Standard bank weekly chart...
1st is a double top technical chart pattern, which was confirmed last week, by the weekly close below the neckline support of R160.
2nd..With the same ‘neckline’ support of R160, is a descending triangle chart pattern.
Measured target for both patterns is the R120 area.
1st is a double top technical chart pattern, which was confirmed last week, by the weekly close below the neckline support of R160.
2nd..With the same ‘neckline’ support of R160, is a descending triangle chart pattern.
Measured target for both patterns is the R120 area.