MLN broke out above the downtrend on the daily TF with a strong impulsive move, we can see market has now made a correction to retest previous resistance as new support, in confluence with the the 0.618 fibonacci. On the 4hr TF price formed a double bottom broke above neckline and is now retesting the zone giving us a good potential entry, looking for confirmation signals on lower timeframes for a potential spot entry to long.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.