Mana has a bullish Inverse H&S at the bottom of a downtrend. The height percentage of the head has a breakout target of 13% from the neckline. This breakout will test the 0.383 fib level and we will see how price reacts to it. I’m ignoring the .618 and .5 fib levels because there’s isn’t major resistance there. If you want to wait for confirmation, wait for a neckline break and ride the wave.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Comment:
Trade closed for a 40% gain. ✅