MATIC ANALYSIS (2H)

Apr 28, 2024

MATIC seems to have formed a diametric from the bottom on the hourly time frame.

It now appears to be in the middle of wave E.

In the supply range, you can look for sell/short positions (scalpi).

Closing a 4-hour candle above the invalidation level will violate the analysis

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

May 9, 2024

Trade closed: target reached

In the previous analysis, we said that "In the supply range, you can look for sell/short positions (scalp trades)."

With a little delay, it reached the supply range and then dropped to the demand range