MAGIC returns to be made

On the above daily chart price action has corrected 80%. A number of reasons now exist to be long, including:

1) Price action and RSI resistance breakouts.

2) Support and resistance. Look left. See where price action is now testing for support?

3) The bull flag breakout + back test. The flagpole measures a 300% return.

Is it possible for price action to correct further? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: <6%
Timeframe for long: Hours, yes you read that correct.
Return: 300%

Trade ist aktiv:

Support confirmed

Kommentar:

40% so far..

Kommentar:

Probably not the moment to open a long position...

Trade ist aktiv

Kommentar:

now

Kommentar:

past resistance confirms support

Trade ist aktiv

Trade ist aktiv:

on support