MDB: on the way to next resistance zone at: 550-640 Long

MongoDB, Inc.NASDAQ

Description

⋅ Dec 14, 2023 1:06 PM

MDB price follows an impulsive structure from its Nov22 lows nicely.

Until price holds its Oct's lows, my main interpretation of the price structure suggests move to next macro-resistance zone: 550-640 in 2024.

Suggested price structure needs to be revised if price breaks down bellow 288 and above 640.

Comment

⋅ Jan 12, 2024 7:20 PM

Price is still holding its upside potential as per main interpretation suggested previously.

The next upside wave could be considered as a potential ending diagonal, where wave 4 could retest the break-out territory of wave 1.

Until price holds its January lows this upside potential is intact. Breaking bellow it and suggested price structure needs to be revised.

Comments

ohio5000

⋅ Feb 3, 2024 3:47 PM

have you heard of standard dev channel? you still long in this? I didn't mean vwap dev channel, I meant standard dev channel lol

artemfedorov

⋅ Feb 5, 2024 6:14 PM

@ohio5000, yes I heard about SD channel. I dont use it. VWAP I use on inter-day time-frames.

I went long on 01.02 with add-on yesterday (green bars below the price)