MATIC retraced 78.6%; saved by GANN Fan line.Is ABC ending?
MATIC is now at a good place if it wants to reverse. The big fall has broke below upchannel but saved by GANN Fan support. However, it has to get above 1.735 & 1.902 (ema200 & ema 150 zone) for me to be bullish again.
Right now bulls & bears are still fighting at tha GANN fan line with no obvious winner coz it still failed to get back Inside the upchannel. Failure will sent MATIC lower to 1.174 the next GANN Fan line, also a very strong
Pivot support zone. That will be the max drawdown to finally end wave 4 ABC correction.
Not trading recommendation
Right now bulls & bears are still fighting at tha GANN fan line with no obvious winner coz it still failed to get back Inside the upchannel. Failure will sent MATIC lower to 1.174 the next GANN Fan line, also a very strong
Pivot support zone. That will be the max drawdown to finally end wave 4 ABC correction.
Not trading recommendation