MTL Repeating Trend last 3 weeks
Updated
Setting the positive fundamentals aside with the soon to be released MetalPay IOS App (Hello FOMO!), I've noticed a recurring trend with the MTL Daily chart to give a good buy zone target between 350-385 Sato.
If you watch the trending Lower highs resistance line and the RSI trends during those same periods, we appear to be in the middle of a 3rd consecutive pattern. According to the 12-13 day cycle, we should be seeing a bounce off the support line in 2-3 days around the 350-385 sato range as the RSI reverses itself.
If you watch the trending Lower highs resistance line and the RSI trends during those same periods, we appear to be in the middle of a 3rd consecutive pattern. According to the 12-13 day cycle, we should be seeing a bounce off the support line in 2-3 days around the 350-385 sato range as the RSI reverses itself.
Trade closed: target reached
MTL dipped right into the target buy box and my trade was executed.
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