MEG is on a potential breakout again after a full retracement from Bullish Gartley harmonic pattern reversal. This time, its a potential breakout from a Pennant pattern, considered a trend continuation pattern with projected target price around 4.75.
*An immediate breakout from the resistance at 4.11 should provide the confirmation.
Trading Plan
- Buy the breakout with a tight stop-loss in case the setup doesn't pan out as expected.
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