Rising wedge pattern on the Weekly chart.
Last week we got a break to the downside of the wedge pattern, with the week's candle closing below the wedge pattern.
This week we look set to close below that level again.
*I'm short at R189, targeting a price below R175.
Last week we got a break to the downside of the wedge pattern, with the week's candle closing below the wedge pattern.
This week we look set to close below that level again.
*I'm short at R189, targeting a price below R175.
Note
TP target of R175 reached. You gotta love technical analysis!
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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.