Matic is forming a Harmonic Pattern.
Updated
Polygon (Matic) is trying to form a harmonic pattern known as "three drives pattern" .
You can trade it by opening a long position first. Then set a %2 stop loss and short it.
For target points, check the chart please.
You can trade it by opening a long position first. Then set a %2 stop loss and short it.
For target points, check the chart please.
Trade closed: target reached
Long TP was hit. Now time for short. After 0.8875 stop loss will be breakeven. Current SL= Last wick.Trade closed: stop reached
Short setup was stopped above of the green area (%2). Long was enough.
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