vs_sayin

Matic is forming a Harmonic Pattern.

vs_sayin Updated   
BINANCE:MATICUSDT   MATIC Network / TetherUS
Polygon (Matic) is trying to form a harmonic pattern known as "three drives pattern" .
You can trade it by opening a long position first. Then set a %2 stop loss and short it.
For target points, check the chart please.
Trade closed: target reached:
Long TP was hit. Now time for short. After 0.8875 stop loss will be breakeven. Current SL= Last wick.
Trade closed: stop reached:
Short setup was stopped above of the green area (%2). Long was enough.

Disclaimer

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.