Trader's Logbook

Looks like a double bearish signal for MARC. Price runs through the support from the wedge it created. Can it still recover? We were speculating that it might rebound because of the doji candlestick yesterday but it was a failed reversal. Price now is within the area between 0 – 76.4% Fibonacci Retracement level which is a very vast area and somehow MARC may not be able to recover fully soon.

Caveat!