Bearish Gartley PCZ reached with Triple MACD Bearish Divergence

Short

MGIC Investment Corporation (NYSE:MTG)

Updated

NYSE:MTG MGIC Investment Corporation

Harmonic Patterns Technical Indicators Bearish Gartley macdivergence bearishdivergence

harmonicpatterns indicator bearishgartley macdivergence bearishdivergence

I have identified triple MACD Bearish Divergence on the daily timeframe after hitting and briefly exceeding the PCZ of a Bearish Gartley.

Entry: $12.5 - $13
SL: $14
TP: $5

Comment:

The weekly just closed and we have a confirmed weekly bearish engulfing with weekly hidden bearish divergence.

snapshot

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