Hi dear friends, hope you are well and welcome to the new trade setup of Polymath (POLY).
After the previous major drop of 2020, I shared the below harmonic move with you and Poly surged more than 750%
Now after the current major drop, on a weekly time frame, Poly has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is...
Wave C of A-B-C formation is likely in development.
200EMA worked well as a support during the past 4 weeks.
Short #POLY if 1620 level doesn't hold on daily (and subsequently RSI upward trend is broken) with targets:
1490 (100% Fibo and a descending chanel low boundary) - most likely.
1207 (161.8% Fibo and a long time support trend line going through Oct'18,...
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line (I don't recommend you to sell in loss.)
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are...
