Following reverse symmetry we could bounce rapidely into the falling wedge top resistance and fall back to the recent break out around 4 USD.
This could play out fast since volume becomes thinner above 4 to 5 USD.
After falling back to the base of the (yellow) wedge we could go up for the real break out (above 13 USD).
Thing could start getting REALLY interesting above 13 USD as there is reallly no heavy price history above that level:
in fact, during the great financial crisis MGI stock cratered from around 300 to 20 USD almost in straight line !!
Please feel free to share or to make comments about that outcome. Comments and discussions are welcome !!
This could play out fast since volume becomes thinner above 4 to 5 USD.
After falling back to the base of the (yellow) wedge we could go up for the real break out (above 13 USD).
Thing could start getting REALLY interesting above 13 USD as there is reallly no heavy price history above that level:
in fact, during the great financial crisis MGI stock cratered from around 300 to 20 USD almost in straight line !!
Please feel free to share or to make comments about that outcome. Comments and discussions are welcome !!
Trade active:
There was a gap between 4.12 and 4.28. Today it has been filled.
This constitutes a buying opportunity.
This constitutes a buying opportunity.
Trade active:
Confirmation: price gapped up above resistance with decent volume.