NIBE Industries Short brewing thanks to an M Formation
M Formation has clearly formed on the daily chart.
The price has broken below the Neckline which is showing more downside to come.
We have other indicators showing a downtrend momentum including:
200>20>7
RSI<50
My first target will be at 43.22
The price has broken below the Neckline which is showing more downside to come.
We have other indicators showing a downtrend momentum including:
200>20>7
RSI<50
My first target will be at 43.22
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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)