Likely Fibonacci extensions target levels
MLN consolidated quite well and we can see a break any moment!
Hi guys, This is no trading advice. I do it just for fun. I follow MLN for a while now (good project with great future). I tried to analyze the downtrend and this is what I saw. A lot of negative trendlines are broken and we are heading to new higher supportlines. Let's see if the trend continues... What are your thoughts? have fun and be safe! Illu
MLN did a complete falling wedge + double bottom on 1D chart. It reached to support points and from here we can expect some upward movements. Entry point: 18.6 EUR SL: below: 18 EUR Target 1: 22 EUR; Target 2 - 27 EUR Good luck!
Only posting as a fun exercise , Not trading advice