MTL looks bearish
Updated
MTL seems to be completing an ABC.
We now seem to be at the end of the b/x wave from B.
The best range for sell/short positions is the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
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
We now seem to be at the end of the b/x wave from B.
The best range for sell/short positions is the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
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
Trade active
After the pump and hitting the red zone, it has dropped more than 36% so far
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