Merafe showing strong downside due to M Formation and SMC
M Formation formed on Daily, which the price broke below.
21>7- Bearish
Price <200 - Bearish
RSI <50 lower highs
Target R1.08
SMC
Buy Side Liquidity Order Block formed which was at the top of the M Formation.
This is where Smart Money comes in and sweeps buying liquidity from buyers going long and shorters getting stopped.
21>7- Bearish
Price <200 - Bearish
RSI <50 lower highs
Target R1.08
SMC
Buy Side Liquidity Order Block formed which was at the top of the M Formation.
This is where Smart Money comes in and sweeps buying liquidity from buyers going long and shorters getting stopped.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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)