Timonrosso

Glencore is could break down for the 1st time in years to R81.70

Короткая
JSE:GLN   GLENCORE PLC
M Formation has formed on Glencore.
This was prior to an ongoing uptrend, until last year.
Last year it moved into a range bounded state which has formed this M Formation near the end of 2022.
Now we can expect a break down any day now below the neckline.
There are other bear signs, and the biggest is RSI.
21>7 - Bearish
Price>200 - TEST
RSI has been forming lower highs since before the M formation.
This is an extremely Bearish divergence where we can expect the price to follow.
RSI<50
Target R81.70

✅ 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)
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.