M Formation formed on Woolies.
Broke below the trendline and the signs were all bearish.
21>7
Price >200
Target R64.00 which it hit.
But now it looks like there is upside to come due to SMC.
SMC (Smart Money Concepts)
First we look for LOL (Levels Of Liquidity).
This is where there is strong volume of buying or selling from the big boys.
We can see three LOLs.
1. 200MA -which the price is now above and could stay above
2. Previous support level
3. Hammer to the upside and Change of Character (reversal to uptrend)
New target with SMC is R70.93
The probability of the trade idea is low because we are fighting the greater trend that is down, but it's worth looking at with SMC.
Broke below the trendline and the signs were all bearish.
21>7
Price >200
Target R64.00 which it hit.
But now it looks like there is upside to come due to SMC.
SMC (Smart Money Concepts)
First we look for LOL (Levels Of Liquidity).
This is where there is strong volume of buying or selling from the big boys.
We can see three LOLs.
1. 200MA -which the price is now above and could stay above
2. Previous support level
3. Hammer to the upside and Change of Character (reversal to uptrend)
New target with SMC is R70.93
The probability of the trade idea is low because we are fighting the greater trend that is down, but it's worth looking at with SMC.
トレード終了: 利益確定目標に到達
Since Woolies hit the target at R64.00, it reached a strong support and has been moving sideways since. Now it looks like the stock wants to rally, but the JSE is holding it down.
🌐NEW Website 2025:
mati-trader.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.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
🌐NEW Website 2025:
mati-trader.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.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。