MDT Reversal Incoming?

Price has fallen to the 61.8% retracement where it could potentially find support. forming an inverse head and shoulders, and recover into the 61.8% retracement of the larger move down from ATH.

Note

good reaction so far

Note

The weekly candle has closed above the descending neckline. This is a good signal that the scenario is playing out.

Trade active

Price found resistance at the wave 4 high and has now retested the neckline. This may be an opportunity to re-enter

andrewyu02

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