MAGIC seems to have formed a large diametric which is now in the middle of wave D of this diametric.
The green range is expected to support and pump to form wave E.
Closing a daily candle above the invalidation level will violate the analysis
TP 1 is also an important support.
For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
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After hitting the red box, it dropped more than 28%
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The drawn path was followed correctly and MAGIC dropped more than 50%
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Reaching the lower green range, we expect bullish moves in large degrees for MAGIC.
We are looking for buy/long setups in these ranges
Closing a daily candle below the invalidation level will violate the buy view
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