W Formation is forming on Sasol.
We are seeing the downtrend slow down in momentum, and it looks like the price wants to break up and out of the down trend.
This is a bit premature for a breakout trader, but it's still good to watch and prepare for.
We have other indicators that still show downside (but potentially changing trend)
200<21<7 - Bearish
RSI <50
Target R339.45
Wait for breakout first then it's full steam ahead to the upside.
We are seeing the downtrend slow down in momentum, and it looks like the price wants to break up and out of the down trend.
This is a bit premature for a breakout trader, but it's still good to watch and prepare for.
We have other indicators that still show downside (but potentially changing trend)
200<21<7 - Bearish
RSI <50
Target R339.45
Wait for breakout first then it's full steam ahead to the upside.
✅ 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.