MPLN - Descending Megaphone

NYSE:MPLN   MultiPlan Corporation
MPLN has formed a large descending megaphone with touches along the bottom line the only bullish area on chart
From this we can conclude once the current bear move finishes and a touch on the lower line is hit the bulls will come back briefly, against the trend
This is shown in the green circles
Red arrows for emphasis


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.