Dark Cloud Cover on SBK

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A dark cloud cover has formed on SBK which is a top reversal signal, so we can expect a downwards move.

A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body.

This particular pattern has formed on quite a strong resistance level which solidifies the signal.
We will look at entering a short position if it trades around the 17200 level with a target around the previous support level of around 16000.
订单已取消
Cancelled the order on this one as it has gone in the opposite direction to what was expected
africaALSIBANKbankingChart PatternsjseSBKsouthstandardTrend AnalysisZAR

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