Watching for either Elliot Wave continuation or the progression of the 3 Drives pattern. #yin A break/close above $2.25 gives some confidence of continuation to $2.46. #Yang The alternative is retracement to $1.74 or the $1.30 dip area. If we go lower than $1.03 then more bearishness is possible as a bullish Cypher harmonic could be forming.
Comment:
Matic has retraced to $1.74; watching for reaction to confirm the end of the 4th wave and bullish continuation to upside target at $2.47 OR further bearishness for dip buying opportunity between $1.30 and $1.48 and confirmation of the 3 drives pattern.
Comment:
#PolygonMatic retraced to the top of the entry zone at $1.47 for dip buying opportunities. Ideal price movement will retrace further to touch $1.30 - $1.38 before the next upside movement to rival current ATH.
Comment:
Price action is reaching down to the entry zone again...watch for trendline reaction. Upside target remains $2.47; potential downside targets linked to the ascending channel & market efficiency are $1.00, $0.73-0.85, and 0.40.
Trade closed: target reached:
The 3 drives pattern and elliott wave sequence played out and the target price of $2.47 has been met.