MEG now at 50% Fibonacci Retracement level

Last July 28 we saw that MEG may retrace giving buyers a discount That time our price is at 38.2% Fibonacci Retracement level and not it is at 50% Fibonacci Retracement level. Will it bounce soon? Today’s action left us with a Harami pattern which has a low reliability in terms of reversal. This needs to be confirmed by a way of gap up or a large green candlestick. With Ghost Month in the air, do you think we can have the confirmation?

Caveat!

One Response to MEG now at 50% Fibonacci Retracement level

  1. […] candlestick. With Ghost Month in the air, do you think we can have the confirmation? Caveat! MEG now at 50% Fibonacci Retracement level Reply With […]

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