3 years ago

MLX Metals X

MLX Metals  X Daily chart shows the consolidation over the past 2 months.
Today the price has started to trade out of the pattern.
This type of pattern has a high probability outcome when the price starts to move while 2/3 the way along to the apex point.
The Weekly trend ( primary ) in UP.
While not fully confirmed the RSI is heading towards “50″ and CCI has just crossed the Zero line, both on the way up.
The stop is close by at $1.35.

MLX Daily