MATIC REACHED TOP OF CHANNEL
MATIC has reached the top of it's upward channel.
RSI Oversold on the 4H. Volatility is high, a break above the top of the channel wouldn't be surprising but a sharp move down is likely to follow.
When that downmove comes I expect to see a pullback down to 0.618 Fib level to start, and potentially to the bottom of the channel.
Like and follow for more ideas.
(This is not financial advice, do your own research)
RSI Oversold on the 4H. Volatility is high, a break above the top of the channel wouldn't be surprising but a sharp move down is likely to follow.
When that downmove comes I expect to see a pullback down to 0.618 Fib level to start, and potentially to the bottom of the channel.
Like and follow for more ideas.
(This is not financial advice, do your own research)
Comment:
We were a little early on this call with price moving up and out of the triangle some before reversing. However after dropping back it did come within hairs width of the 0.618 Fib level we predicted.
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