Which scenerio for MO?
In general we can look forward MO wil be ABCD harmonic pattern.
Now we can refine Wave I and Wave II been finished and forming wave III. And we can draw a suitable long term channel.
-The price now will be swing in triangle pattern and find energy to breakout. This is the first potential buying entry (Pocket Pivot).
-The price will aim to 52$, this is a long and sustainable resistence, it need more energy to break this. When accumulating enough, the price will break and conquer this resistence, this one will be solid support in the future. And this will also be a potential second buying entry (traditional breaking out entry).
Wait n see! See you in the next 8 years!
In general we can look forward MO wil be ABCD harmonic pattern.
Now we can refine Wave I and Wave II been finished and forming wave III. And we can draw a suitable long term channel.
-The price now will be swing in triangle pattern and find energy to breakout. This is the first potential buying entry (Pocket Pivot).
-The price will aim to 52$, this is a long and sustainable resistence, it need more energy to break this. When accumulating enough, the price will break and conquer this resistence, this one will be solid support in the future. And this will also be a potential second buying entry (traditional breaking out entry).
Wait n see! See you in the next 8 years!