Swing Trade Idea: Marathon Nextgen

Swing Trade Idea: Marathon Nextgen

Marathon Nextgen has concluded its correction with an intermediate Wave ABC and is currently attempting a recovery from its Buyer's Zone. Anticipating a price support and subsequent rebound towards new highs, a resistance zone is expected around 460-475. Following a minor correction, the price may target the all-time high with a goal between 504-519.

While there has been a gradual decline in prices, a swift recovery is anticipated. This presents a buying opportunity, with a suggested stop loss (SL) set at 340 to manage risk.


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