Long
MATIC W4 bottom is a DIAMOND; wave 5 of III continues
Updated
I quickly made this update to show the diamond reversal & 3 take profit levels for the person asking
for it my previous post. Hope this helps.
Since Rsi not yet oversold, MATIC may still go down to retest the middle of the diamond which also happens
to be a horizontal support line. This 1.505 level must not break for a continuation of the upchannel & wave 5 of III.
4.3 is the target price of wave 5 0f III. (Not wave 4…typing error)
Not trading advice
for it my previous post. Hope this helps.
Since Rsi not yet oversold, MATIC may still go down to retest the middle of the diamond which also happens
to be a horizontal support line. This 1.505 level must not break for a continuation of the upchannel & wave 5 of III.
4.3 is the target price of wave 5 0f III. (Not wave 4…typing error)
Not trading advice
Note
There is an update 22 Feb morning. As RSI was not yet oversold, the bears brought it down to the floor for a final capitulation. Many will sell out of fear before it reverses up.
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