MAGIC LOOKS BEARISH
Updated
MAGIC seems to have formed a large diametric which is now in the middle of wave D of this diametric.
The green range is expected to support and pump to form wave E.
Closing a daily candle above the invalidation level will violate the analysis
TP 1 is also an important support.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The green range is expected to support and pump to form wave E.
Closing a daily candle above the invalidation level will violate the analysis
TP 1 is also an important support.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
After hitting the red box, it dropped more than 28%Trade active
The drawn path was followed correctly and MAGIC dropped more than 50%Trade active
Reaching the lower green range, we expect bullish moves in large degrees for MAGIC.We are looking for buy/long setups in these ranges
Closing a daily candle below the invalidation level will violate the buy view
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