Well, well, well, we've identified the tumultuous and monotonous pattern on the chart finally.
It's known as a Broadening Triangle or what I call a Vuvuzela Formation.
The price diverges instead of converges in a triangle pattern...
Now this can be a continuation or a reversal pattern. It all depends on the breakout.
Looking at the D&S and liquidity it looks like the JSE really wants to break above the formation and head to new highs of the year.
75,000 is a decent first target...
Also with Smart Money Concepts we can see there is a Sell Side Liquidity Order Block showing how Smart Money is sweeping selling and buying into it, hence there isn't a major push down in price just yet...
I'm bullish with this Vuvuzela. Now we need the JSE to blow up.
It's known as a Broadening Triangle or what I call a Vuvuzela Formation.
The price diverges instead of converges in a triangle pattern...
Now this can be a continuation or a reversal pattern. It all depends on the breakout.
Looking at the D&S and liquidity it looks like the JSE really wants to break above the formation and head to new highs of the year.
75,000 is a decent first target...
Also with Smart Money Concepts we can see there is a Sell Side Liquidity Order Block showing how Smart Money is sweeping selling and buying into it, hence there isn't a major push down in price just yet...
I'm bullish with this Vuvuzela. Now we need the JSE to blow up.
🌐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)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🌐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)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.