This is the perfect finish to wave 1 before it starts it true parobolic trend …typically you see a solid uptrend, a trend break, drop backtest of trend causing an ABC after rejection of trend. As long as you hold 34$ low then bounce we are in a wave 1 headed to wave 3. If we pop here and break 44$ Come back to 37
AREA then that will start wave 5
Waiting for these senerios both are bullish, but if we dip to 34s from here it means a lot more room to run for MGm
AREA then that will start wave 5 Waiting for these senerios both are bullish, but if we dip to 34s from here it means a lot more room to run for MGm
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.