MATIC (POLYGON) WILL RISE BEFORE DECLINE

MATIC (POLYGON) will rise around 38% to 50% for the B wave and after it will draw to the downside for the C wave to reach the target of the 2nd wave. We can see the leading diagonal (rising wedge) on minute wave 1st. When we saw the leading diagonal on 1st wave then the correction for the 2nd wave is generally 61% and the 61% area exactly match with the previous 4th which is also known as a 2nd finishing point so most probably we will finish the correction around $1.5 and I had drawn the target zone as well on the chart. For now, every bounce back is the selling opportunity for traders, and for the investor to wait for 2nd wave correction to finish then you can go long from there.

DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.

#MATIC #POLYGON

Comment:

Longer term view