On this 1H Chart outlook of 
MP MP Materials, im still looking for the wave v in green to play out. but the outlook puts forward a couple of different paths. The orange zone holds and this marks the completion of wave (ii) in orange and price heads higher in wave (iii). Alternatively price could tag the 'Alternate Outlook Structural Level' at $61.41, before a potential reversal to make the wave V. We will soon find out which path it takes.
Recent position taken is shown on the chart.
MP MP Materials, im still looking for the wave v in green to play out. but the outlook puts forward a couple of different paths. The orange zone holds and this marks the completion of wave (ii) in orange and price heads higher in wave (iii). Alternatively price could tag the 'Alternate Outlook Structural Level' at $61.41, before a potential reversal to make the wave V. We will soon find out which path it takes.Recent position taken is shown on the chart.
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Related publications
Disclaimer
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.