taking a look at MATIC today. looks like MATIC has a motive wave up followed by an "abc" correction followed by another motive wave. At the moment i looks like MATIC is working on a "1-2". If price comes down on low volume to the .618 retrace, we have a potential set up for a move up. The .618 retrace is also located at the 50 MA on the 4 hour chart. If price breaks 1.3 id be looking for a larger "abc" to target 1.24.
trade safe,
Devin
trade safe,
Devin
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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.