MEG breaking downward channel?

MEG broke away from the downward channel we saw since it drop last November. Is it going to be the start of the new trend for MEG? Current support will be the slope and this might be tested soon. Notice that Kijun Sen is moving in horizontal fashion and may attract the price of MEG, thus continuing to move upward. Will it reach 3.45? Monitor this line since it might also move away from current direction.

As of this time we don’t see any bullish signal from Ichimoku system so just be cautious.


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