MTL broke out of the down trend and formed a falling wedge on daily chart.
There is a small resistance near the breakout. Once cleared with volume then it will reach Targets 2.
RSI is rising as well. waiting for RSI breakout
SBS Indicator signaled BUY
BUY at the breakout
Targets and SL are on the chart
There is a small resistance near the breakout. Once cleared with volume then it will reach Targets 2.
RSI is rising as well. waiting for RSI breakout
SBS Indicator signaled BUY
BUY at the breakout
Targets and SL are on the chart
Note
MTL brokeout but pullbacked to its support. Now forming another small falling wedge on 4 hrs chart. Below target is for scalping if it breaksoutTarget 1 and Target 2 remains for short term trade.
Trade closed: stop reached
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Tip Jar
PayPal - paypal.me/vickyprudhvi
PayPal - paypal.me/vickyprudhvi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.