Broke out of rising channel , downside movement anticipated .
Patiently waiting for more downside movement for a rejection on the trendline for a upside to see new highs on BTC
REFRESHED MONITORING OF PRICE SINCE THE PREVIOUS POST WAS MADE.
>SASOL and the oil industry have recovered from the 2020 March oil crash >Buyers of the March had massive gains and now by the looks have taken profits >Selling off has begun with targets +R140 >130 to 157 Zar looks like a good zone where new buyers will come in
>SASOL and the oil industry have recovered from 2020 March oil crash >Buyers of the March had massive gains and now by the looks have taken profits >Selling off has begun with targets +R140 >140 to 157 Zar looks like a good zone where new buyers will come in
MORE ROOM FOR RMB SHARES TO TANK BEFORE RECOVERING
DOUBLE TOP IDENTIFIED on 5m timeframe,ENTERED ON THE BREAK OF NECKLINE AND RETEST ON THE 5m timeframe
AGRESSIVE SHORT ENTRY OR WAIT FOR BREAK AND RETEST OF THE STRUCTURAL PATTERN