Timonrosso

JSE ALMI Take profit hit at 72,600 next trade is imminent

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JSE:J200   South Africa Top 40 Index
Inv Head and Shoulders formed on the 15 minute chart.
We had an evidential Sell Side Liquidity Order block form around the Right Shoulder.
This is where the price broke structure and we entered with our TP1 hitting 72,600.

Next we have another setup preparing.
We need the price to come back down to the most recent Sell Side Liquidity Order Block.
sweep liquidity, turn up and break out of the downtrend .
That's where we'll get our next Buy level around 72240.

But I'll let you know as always!

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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