Really think there could be some exciting times ahead in this MATIC chart.
Looking how things are shaping up, the neckline of the inverse head and shoulders will coincide with the overhead macro resistance potentially very soon, after which, things could be very bullish.
I've drawn the two boxes, one green and one red, as i believe if price can get back into the green zone, breaking the LTF resistance, we are bullish (below that line, bearish). Back above the line, that price action below, becomes and deviation of a local low point.
I like how the correction here takes us to the 0.618 fib level, and also that it has a channel shape to it.
Below i will try and put where my long entries and stop-losses would be.
Looking how things are shaping up, the neckline of the inverse head and shoulders will coincide with the overhead macro resistance potentially very soon, after which, things could be very bullish.
I've drawn the two boxes, one green and one red, as i believe if price can get back into the green zone, breaking the LTF resistance, we are bullish (below that line, bearish). Back above the line, that price action below, becomes and deviation of a local low point.
I like how the correction here takes us to the 0.618 fib level, and also that it has a channel shape to it.
Below i will try and put where my long entries and stop-losses would be.
Comment:
