MNP is moving into a half cycle correction, the backtest of the 20 March low left behind a flat trendline depicted by the blue line.
The pink trendline that is acting as resistance is the line that confirms a new weekly cycle, ideally we want current cycle to go below 20 March then turn upwards. The low of 26 September 2022 must hold so that the yearly cycle does not turn bearish.
The pink trendline that is acting as resistance is the line that confirms a new weekly cycle, ideally we want current cycle to go below 20 March then turn upwards. The low of 26 September 2022 must hold so that the yearly cycle does not turn bearish.