H&S pattern is forming. Left shoulder and Head have formed. Right shoulder is under construction. This DDZ (tested) is at the "neckline" of the above formation.
The expectation is that prices will bounce from the neckline demand zone and go on to complete the right shoulder which should give us a nice little long trade. The expected upside potential from the...
MGL is at a crucial point with multiple signs of movement and we are tracking a little ahead, hence it can go up or down basing on the next candlesticks
• 20 EMA crossing 50 EMA from below
• Daily trend is at resistance/supply zone
• Inverted head and shoulder formation can be seen (Chances of going up)
• Descending Broadening Wedge pattern can...