Is MBT going to obey the trend?

MBT touched the 50% Fibonacci Retracement level but wasn’t able to break it. Based on previous moves, MBT retraces after it hits a Fibonacci line creating a lower high. Could this be another dip for MBT or it will be different this time? If we base our trade on candlestick, we could see that the Shooting Star last Friday wasn’t confirmed. So this might continue to go up or MBT will obey the trend?

Caveat!

Leave a Reply