Head and Shoulders has formed on Absa Bank Group
It looks like after the rally, the price wants to come down a bit and retest some of the lows.
As the JSE is in a turbulent stage, anything can happen.
200>21>7
RSI<50
Target R155.68
#GBPUSD
New forecast
So, the price is now below the Strong resistance level. And this is a good selling opportunity.
Our target is the nearest strong support line.
6/6 last GOLD ideas come TRUE
As we can see, this pair has formed an ascending wedge pattern, indicating a possible move to the downside. Price is floating in an area of supply that's dated back to May of 2019. If price forms a bearish candlestick pattern at that area of supply, prepare for further downside movement, breaking that ascending wedge pattern.
