MGC1! My 3360 target still holds. We are going through a little consolidation phase at this time, but as long as 3171 support is not broken im still bullish. However, because of the price action from today, I do see a possibility of price dipping towards that 3209 level and possibly touching that lower yellow trendline. That would bring the 1hr RSI towards 40 support and MACD to create a equal low with the low from last week.
That would put my theory in risk, but i do believe that it's purpose is to create a fake breakdown with the indicators.
We will see what price will do tomorrow
