Wyckoff Analysis on MULN
W Formation (higher low, higher high) formed on the hourly.
Today we broke Level 1 after retracing from W Formation.
Tomorrow slim chance to expect race to level 2 (~1.35). More likely retrace and then next week we get to level 2.
My move is to accumulate at current level down to 1.06. If it breaks 1.05 I'm out and will wait to find a better entry that will eventually setup.
Today we broke Level 1 after retracing from W Formation.
Tomorrow slim chance to expect race to level 2 (~1.35). More likely retrace and then next week we get to level 2.
My move is to accumulate at current level down to 1.06. If it breaks 1.05 I'm out and will wait to find a better entry that will eventually setup.
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JustSurfaceOP : Risk on currently at 5%, if it runs I'll DCA up on the next retrace after Level 2 breaks and sell near Level 3 range.
Magilla gorilla : we will see..I hop it hits 1.60 at least..so I can sell and buy back at 1.20