Metropolis has corrected about 60-65% from from ATH and since then has been consolidating below 1800, which was a critical support. The consolidation has been happening in range of 1200 to 1800 since last 50 weeks and so far it has made few attempts to cross the 1800 level.
The way it is consolidating near this resistance level with all the weekly ema's sorted out now and converging together, chances are that it is getting ready for breaking out of it and start the up move journey with a trend change.
R:R looks good here for longs
The way it is consolidating near this resistance level with all the weekly ema's sorted out now and converging together, chances are that it is getting ready for breaking out of it and start the up move journey with a trend change.
R:R looks good here for longs