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Not sure why anyone would go long MCG but chart points to more upside if flat top triangle is broken.
This is hourly chart.
As I'm waiting for for the incline support on the daily chart to break to trigger my short entry, I can't help but notice a bullish ascending triangle. If the R130 resistance area breaks, R150 can't be ruled out!!
i wonder if this baby still has some legs ...... pattern looks bullish though
Closely watching the R124-R126 area for a ‘Short’...
From there I’m expecting the price to hit bottom of channel at R120, a break of which could take us below R116