porden

Short MITL

Short
NASDAQ:MITL   None
I think five waves of the second large wave are completed now at 2.618 of small wave 1, and 1.68 of large wave 1.

When are we gonna go? previous large wave went down more tan 0.618 fib level, so probably were gonna have a small retracement for this large wave 4

So we should go to a short position at market price ( 11.12)
stop loss just above the high amount 11.60
take profit for between 236 and 38, also looking at the previous resistance which is gonna be a support now , so at 10.02

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