Please forgive me if this is completely incorrect, it's just what these new to TA eyes see in the chart. Open to interpretation. MTL had a great run up today. Could we potentially be in an elliot wave 4 consolidation period? Could have my EW placed incorrectly, first time placing Fib. The probability with this large of a retrace may be about 15%? I can imagine this thing would have taken off today if it wasn't for BTC's red candle. MTL launches its pay app to compete with the likes of Venmo on the 31st.
Comment:
Broke from the wedge after consolidation. Not quite the velocity as anticipated.