W Formation has formed on Shoprite.
The strangest thing is that the 200MA is actually the Neckline of the pattern.
so if the price breaks below the 200MA, all Heck is going to break loose.
There are other bearish signs like
21>7>200 RSI<50
Bearish bias
My first target is R189.75.
CONCERNS:
We haven't had a break of structure yet. This means, the position will remain neutral until it does.
The strangest thing is that the 200MA is actually the Neckline of the pattern.
so if the price breaks below the 200MA, all Heck is going to break loose.
There are other bearish signs like
21>7>200 RSI<50
Bearish bias
My first target is R189.75.
CONCERNS:
We haven't had a break of structure yet. This means, the position will remain neutral until it does.
🌐NEW Website 2026:
mati-trader-new.lovable.app
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader-new.lovable.app
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🌐NEW Website 2026:
mati-trader-new.lovable.app
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader-new.lovable.app
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.