Short
Matic Wave 3 Topped-out as warned in previous post
When Matic broke our 2.60 but was not able to close a full candle above(bears brought it down again back inside conso box the next day), I warned that the highest Matic could reach is 3.0 coz the peak is near.
Unfortunately it did not. Bulls brought it up for only 2 days & then they lost to bears completely.
We may expect a ABC complex wave 4 correction with a lot of volatility.
Buying at the bottom of wave 4 would be incredible & the reward is the WAVE 5.
1.75 could be a strong support for wave 4.
Pls make your own analysis. This is not financial advice.
Unfortunately it did not. Bulls brought it up for only 2 days & then they lost to bears completely.
We may expect a ABC complex wave 4 correction with a lot of volatility.
Buying at the bottom of wave 4 would be incredible & the reward is the WAVE 5.
1.75 could be a strong support for wave 4.
Pls make your own analysis. This is not financial advice.
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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.
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.