MPLX weekly chart here. Really been breaking down over the past couple of week. Most important areas on the weekly look to simply be the price action S&R levels.
Note the MACD resistance line I drew. Still trying to back test that strategy of a MACD resistance line.
Maybe the start of a new trading range here. We will see. The orange resistance line may be off by a few cents, but the general placement is correct.
Would be interested to see what the stochastic would show us.
Any one have any comments on my price action analysis? Did I miss an major chart patterns???