MUMicron is on Flat Retracement Wave.
If the wave were completed around / slightly beyond end of wave A, it is confluence with
- Fib 123%
- Supported on Point of Control (Volume Profile Analysis)
It is then potentially ride its next impulsive wave to challenge the previous swing high (TP).
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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.