Long

Is Matic due for a bigger correction than we want for a wave 2?

Updated

im hoping we see a running flat/ backtest of the current parallel channel that Matic is in. however it is very possible that we see a 50%-61.8% retrace of the larger structure for a wave 2 before we go to the moon. either way i dont mind. input is encouraged

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although the original triangle i had for the move down didnt play out perfectly, downtrend movement is following my prediction. i have updated my chart with a larger descending triangle that might be in play. eiter way we have strong support at 1.13 area which we can expect it to hold and complete the running flat.
tradingview.com/chart/efY9v5IQ/

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so far we are still on the way and playing out as expected

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hello all, updating as we have now tapped the suspected bottom of this move for a possible running flat. i for one am buying some here, not to say we cant go lower but we can see some confluence and a possible bounce at the least from this area

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this is our other option if this is a wave 3 completing here on top of the channel

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as we continue our way down i have recounted many times and have a few options, and will continue to adjust and add to my count as it progresses.

JimHalpert

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