MPW taking the scenic route but if you followed any of our other posts you know that we've continually said dealing with diagonal structures takes patience
That patience will be grandly rewarded most likely (no guarantees in the market folks)
Trade active
MPW has been taking its swwwweeeetttt time developing its price structure
Lets see if the bottom is in
Trade closed: target reached
oh and the diagonal structure has been invalidated
Note
Take note of the vertical dotted red lines
Note
Note
And thats a wrap!
Lots of selling and overlap today in line with the broader market weakness
Broader market should be finding some legs soon which will assist with the epic month that we are about to have in January
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.