MTL Trade Idea

MTL broke out of the down trend and formed a falling wedge on daily chart.
There is a small resistance near the breakout. Once cleared with volume then it will reach Targets 2.

RSI is rising as well. waiting for RSI breakout

SBS Indicator signaled BUY

BUY at the breakout

Targets and SL are on the chart

Kommentar:

MTL brokeout but pullbacked to its support. Now forming another small falling wedge on 4 hrs chart. Below target is for scalping if it breaksout

Target 1 and Target 2 remains for short term trade.

Trade geschlossen: Stop wurde erreicht