M Formation has been in the making since 19 August 2022.
The price then broke below the neckline, restested and is now showing a ton of downside to come.
We have other indicators showing bearishness.
200>21>7 (bearish)
RSI<50 (Lower highs)
Target -0.8200
SMC
(Buy Side Liquidity Order Block is clearly shown (green box)
Smart Money sells into positions (and sweeps liquidity) from traders who are short (get stopped) and for long traders who buy and enter into their trades.
The price then broke below the neckline, restested and is now showing a ton of downside to come.
We have other indicators showing bearishness.
200>21>7 (bearish)
RSI<50 (Lower highs)
Target -0.8200
SMC
(Buy Side Liquidity Order Block is clearly shown (green box)
Smart Money sells into positions (and sweeps liquidity) from traders who are short (get stopped) and for long traders who buy and enter into their trades.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
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.