We have a ton of different signals with the JSE ALSI 40.
This is where trading can get a bit tricky and frustrating. But it's for this reason, one needs to learn how to hedge positions.
And by hedge I mean, hold equal number of shorts and longs.
So we can see, there is an M Formation in the process.
The price has broken down and has broken below the Symmetrical Triangle. It is early days as the breach has been only a day, so we will need to see.
However, there are mixed signals all around.
7>21>200 - Bullish but turning
RSI<50 - Bearish by nature
Smart Money Concepts.
There are 2 Sell Side Liquidity Order Blocks.
Either Smart money could buy big time around its current price which will cause a fakeout and the price will go up.
OR Smart Money could skip this order block and buy into the next SSL OB at 67,000.
The bias is bearish as things stand, but do to the mixed signals - This is cautionary.
Stay strong and hedge!
This is where trading can get a bit tricky and frustrating. But it's for this reason, one needs to learn how to hedge positions.
And by hedge I mean, hold equal number of shorts and longs.
So we can see, there is an M Formation in the process.
The price has broken down and has broken below the Symmetrical Triangle. It is early days as the breach has been only a day, so we will need to see.
However, there are mixed signals all around.
7>21>200 - Bullish but turning
RSI<50 - Bearish by nature
Smart Money Concepts.
There are 2 Sell Side Liquidity Order Blocks.
Either Smart money could buy big time around its current price which will cause a fakeout and the price will go up.
OR Smart Money could skip this order block and buy into the next SSL OB at 67,000.
The bias is bearish as things stand, but do to the mixed signals - This is cautionary.
Stay strong and hedge!
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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)
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
🌐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)
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน