Timonrosso

MR Price wants to go back to 200MA to potentially R177.42 SMC

ロング
JSE:MRP   MR PRICE GROUP LTD
Break above downtrend has occurred for the first time since 2022...
This isn't a breakout pattern that I normally look at, but it's still a breakout move.
Price<200MA (elastic) This means, the price has a likelihood of moving up to the 200MA (Equilibrium) to take out the inefficiency.
Target R177.42

BREAKAWAY GAP formed in December, and since then the price has been coming down. Now that the orders have balanced at the "bottom" means, we could see a gap fill soon.

SMC:
Sell Side Liquidity Order Block this is where there is Buying from Smart Money. Hence there was a strong move up.
I'm cautiously bullish with Mr Price.

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

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が提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。