Maps is at a very crucial resistance area. Maps has made a parabolic move to the upside almost 12X in just 54 days. But if you look at the larger picture it has been in a downtrend. Its been making lower highs. Also made a lower low since the beginning of the chart. This recent move also looks like a 3 wave move to me.
Currently its sitting near trendline resistance. This is also a important Fibonacci level. In a ABC correction when A is overextended then C is usually .618 of A. And its sitting right on my expansion fibb level see the pic below
Anybody know some fundamentals on this one ?
Entry - 1.1126
Stop - 1.15
TP 1 - 0.45 ( Reduce Position 50%)
This is not a financial advice. The only time I give financial advice is when am having an episode of personality disorder.
