Impala has been on a short term downtrend since reaching a high of R309.20
Price has now arrived at the 200day on the weekly and a possible support zone for a some relief. The last time price reacted on the moving average was at the covid lows of March 2020.
Above R185 could stage a decent pullback and will trigger a 2B reversal trade. Better entries will be possible on the lower timeframes for the bulls.
The swing low will need to hold here or else a bigger double top will be in play.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Price has now arrived at the 200day on the weekly and a possible support zone for a some relief. The last time price reacted on the moving average was at the covid lows of March 2020.
Above R185 could stage a decent pullback and will trigger a 2B reversal trade. Better entries will be possible on the lower timeframes for the bulls.
The swing low will need to hold here or else a bigger double top will be in play.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。